 Welcome to the channel. This is ReliableRooty. In this video, we're going to continue our Google analysis and we're going to focus majority on the charting aspect of things. We're going to take our valuations that we projected for the company and we're going to move that over to the chart and see if we can see any correlating information between the valuation that we got and the chart. But nonetheless, I'm not a financial advisor. Everything in this video contains only my opinion and it's for entertainment purposes only. I have no individual holding Google by doing it in my index funds. So nonetheless, I got nothing to gain, nothing to lose. Simply stating my opinion with this analysis. Now, I think we got some really good information. I touched base on a couple of things earlier before I made this video and made sure I had some good content to go over. Yeah, I think you guys are going to like what we have. So Google, on this chart, I only got information from 2014. But nonetheless, from that 2014, yeah, Google has run pretty dang good. If you've been investing in Google over the last five years or so, then you've probably been doing pretty good for yourself. It's pretty fundamentally sound business. We like a lot of the stuff that we've seen in the financials. And yeah, I've been pretty impressed with Google and let's see if there's anything on the chart that can back any of that up. So we're on a week chart. Every candle represents a week. I'm simply just going to set my trend line right here. Now, I'm really focused on this nice little higher low that it sets in down here. I really like this and matching this up looking for three points of contact is what I'm going to focus with. But nonetheless, I do see a nice left leg right there. Got a nice wave pattern down. We build a neckline that we actually triple top into. I like how that looks. And then that ultimately sets us higher or low. We get an extended right leg and we back test the neckline. So we will be drawing up that trade and also using the Fib tool through a couple of these larger drops. I know Google doesn't have too many opportunities where it falls drastically. But right here, 20% fall and got another 23% fall. We got this fall and this is our COVID drop, which is a 33% fall. So we've got a couple of decent sized drops right there that we're going to run a Fib tool through. But yeah, let's get into this video. I'm focused on three points of contact. So I got my two points of contact right there. But I'm just trying to line this up where I get as many points of contact as possible. So I see I got two points there. Then we set another double bottom. So after we get this third point of contact right here, you see how this wicks directly through that. And this volume spike actually happens on that day as well. I'm sure it's possible. They probably came out with some new stuff on that. But a lot of people had this identified for three points of contact on a trend line right here. And yeah, the demand for it was definitely there at this time. And COVID actually ends up coming down retesting that same area of support. So very interesting right there. Matching that up with our current price. I'd say, yeah, we're approaching it. I do see a five wave structure that we're going to go over with a pretty good back test of wave one, a wave five is going to send us pretty dang close that trend line. So pretty interesting there. But we will go over that here in a little bit. So I'm going to start with just a Fib tool top and move bottom and move right here. And I see I get a direct correlation with my first extension. Trade in the middle of it. Get on top and back to the top of this. You see what I'm looking at. So finally, when we do push that, we push it with full green engulfing and we're setting wicks into the top of that extension. A little bit, not too much rejection off that next extension, but we do set this double top bear trap all day. And ultimately the valuation of Google pushed it so that I was able to continue running right here. But look at where we're resting. We put wicks right onto the top of that set a pretty solid set of support right there. Nonetheless, it does put this bear trap in double tops and do my full extension. You have sellers dumping shares off that full extension nonetheless. And yeah, ultimately never got that crack. You didn't even make it down to the trend line, but I like how all these extension points are getting pretty solid support and resistance built in off at each one. So pretty good look right there. We're gonna take that fifth tool off here. And this is another decent sized drop our drop right here. But let's not forget this is where my full extension is that you see this this drop right here, I were trying to get back underneath that full extension. I guarantee one we had already pushed through this full extension that a lot of people at the time actually had their their fib tools like this, instead of taking it from this top. So you could you people like looking back to be easy to to do this and we get a clear rejection off my first extension. But ultimately, I think that a lot of people probably would have been using this drop right here, even though the drop is less. So we're gonna look at both of these and see what we think, but we do get a nice rejection off our first extension. Clear rejection from our COVID drop right there. Clear rejection, we put wicks into the next one. And yeah, we shoot through this bullish, but ultimately there was some selling pressure that came along that full extension, but you do have this decent trend line that we trade down to. And we actually stay on top of that and we stay bullish for quite some time. Yeah, pretty interesting right there. It was the year 2020. So you got to be careful with that year as well. But I do like how that extension is kind of meeting up with everything right there. And now I am going to take this COVID drop and see if we can match up anything right here. And there you go guys. A lot of people probably had this marked as a top of the move bottom of the move. Clear rejection off my first extension. We get a little rejection off my second extension. We just stay on this trend line pretty much this whole way through. Clear rejection. Now as we've gotten closer, you see this head and shoulders top right there. Pretty interesting how that comes in right near that full extension where we've already pushed through two full extensions. But I mean the valuation has been there. I'm sure the valuation as they continued posting 20% growth continued to push them and supply and demand it pushed through the full extension. The FIB tool is not perfect, but it can save you in a lot of scenarios. So I really don't like messing with full extent stocks. But you know that the value is there, the value is there. So we're going to take this FIB tool off. We're going to take this short term trend line off. And we're going to talk about, we're going to switch over to a day chart and we're going to talk about this. Now let's not forget that my middle assumption that I'm very focused on, we'll just call it 90 flat. I'm going to mark 90 flat before I do any of this right here. Horizontal line, let's find 90 flat. Right about there as about as close as you can get the 90 flat. 89, 98. We'll just leave it right there. And I mean just looking at it off first glance. I mean I see a nice double bottom build to the neckline right here. We're getting extended right away. We back test the neckline. Attempts to fill this gap. You guys see how we have this gap fill? Pretty much right on that. Isn't that crazy how that's where I'm interested in the stock? And we'll just mark it with a, we'll use an orange line. Orange and yellow line, this is going to definitely be a buy window right here. If I'm interested in buying the stock, right at a previous neckline that it puts wicks into attempts to fill this gap. And this is where I like my valuation for the company. Yeah, without question that's going to be a buy window. And I do see another gap fill right there as well. We can switch that to red. We'll keep this with red as well. Yeah, pretty interesting how that kind of matches up. And nonetheless, it is kind of below my trend line. So I don't know. It's going to be tough for it to get back down there. I would expect this trend line to act pretty solid support. But I do see another screaming gap right here. Actually there's two of them. So this is going to present probably another buy window. We gap up from right here and then we also gap up from right here. We also have another gap built in right there. I mean if I was planning this out for setting up a position, okay, here's my first buy window. But get a tracker share or maybe around that. We do have some solid support built in right here that we do drop to. We get buyers that come in there right around 100 flat guys. Right around 100 flat. Call it a tracker share. Okay, here's your next buy window. Let's get around that 0.25, 0.5% position size. Okay, buy the trend line. We're sitting around 0.75. Okay, next buy window. Maybe you were sitting around that 1% or 1.2% and you just keep going. You just continue slowly accumulating off of these areas of support and you let it ride. If you like the valuation for the company, you're confident you're getting fair value for your for your hard-earned money. But nonetheless we're actually going to clear this chart and we are going to map out this wave structure to the downside. So we do have a pretty massive drop right here. Right, so let's just take top and move bottom move. I'm going to bring this all the way across because I already know this double top is meeting right in at my 702. Now I'm going to talk about this gap update right here. This right here meeting right in coming in the earnings off of a downtrend. I mean you have you have this right here that's getting that pretty much holding as this, but you then have this other downtrend that's meeting pretty much right in there. If I look at my points of contact 1, 2, 3 points of contact, we set a close going right in the earnings. Now they posted earnings after hours right here. This is a bullish setup going in the earnings guys. Look at that buying pressure. And it's it is very when you set a close right here it's very easy. All you got to do is gap it up over top of this downtrend right here. And I'm sure there was some some decent stuff in those earnings. It says they beat by 10 percent. Okay a couple beats on estimates. Woohoo whoopty-doo. Nonetheless it got on top of this trendline and I'm sure a lot of people that went short and off this trendline had this had to cover. And what do we get? We get clear rejection from that full top right there meeting in at the previous all-time high. Isn't that just lovely? I find that just just baffling right there. But nonetheless we do set this 702, this double top into the 702, bull trap all day. You have a full green engulfing candle that sets a close right on it. If you can set an open price above that okay we're going to try and take out this all time high again. Nonetheless we get this clear rejection and yes there was a flood out of google stock during this time 100 percent. And if I'm looking at this as a wave one, a wave two. We're going to mark the bottom of my wave one right there. Give or take right around that range. Put it with the yellow line. I'll get rid of that fifth tool for right now. We'll get rid of these two down trends. We can mark in this down trend right here though. We had three points of contact. We almost reached that. So call this green engulfing candle probably a little bit of a fluke. This is how I'd set my down trend now that we have clear rejection off this. Yeah there's my three points of contact. I would be careful next time we come in contact with that. But nonetheless we do have a wave two that comes in and we get a wave three. I mean this is a deep wave three right there. Obviously there's probably a one two three four five a b c. Yeah it's tough to say. I'd call this a wave three just because of how this top over here meets in with the bottom of my wave one. So I'm looking at this as a potential wave four back test in the bottom of wave one where I'm then looking for a wave five. Now wave five brings me right in this range where I'm pretty interested in the stock. Yeah isn't it crazy how that kind of meets up right there. So I I'm not surprised that it got this hard rejection right here especially when you're setting this type of structure. You haven't back tested wave one. You could call this a back test a wave one. But this is the attempt to get back the wave one meeting in with my down trend. And now I'm looking for a wave five. So it's kind of ironic that I'm making this video right now where I got this video requests as the markets kind of just dumping. But yeah we do have a gap fill right here so it doesn't mean that we're ultimately going to get that full wave five. So could you get buyers come in off of this gap fill and we set in another low off of the support that it has built in. It's got some pretty decent support built in there at that 105. I wouldn't be surprised to see buyers come in but ultimately I'm interested down here at the in these 90s. Start at the gap fill. You got your up trend coming in. Yeah that's how I'm playing Google. I like the company itself. I just think the chart setup is a little rough right now. And I'm looking for a crack at this support and get down into this range where I'll be interested in the stock. I hope you guys enjoy the content in this video and we'll see you on the next one.