GOOGLE: Heavily bearish on a new long term correction to $250.Alphabet Inc. Class CBATS:GOOGInvestingScopeGoogle just turned neutral on its 1W technical outlook (RSI = 52.500, MACD = 22.640, ADX = 26.748) as it lost almost 50% of April's gains. The 10 year pattern is a Channel Up and May's High was on its Top. Last time the price did that, it corrected to its 0.5 Fibonacci level, hitting the 1M MA50. Technically all 3 prior corrections hit the 1M MA50. Expect a similar correction to take place until the end of the year and aim for the 0.5 Fib and 0.786 Channel Fib (TP = 250). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##