The short-term Elliott Wave view in Google (GOOGL) indicates that the stock is progressing within the final wave ((5)) of the impulsive rally that began from the April 2025 low. Wave ((4)) of this sequence concluded at $270.1, as reflected in the 45-minute chart. Following that completion, the stock resumed its advance toward new all-time highs, unfolding wave ((5)) as a five-wave impulse of lesser degree. From the termination of wave ((4)), wave (1) reached $293.95, while the corrective pullback in wave (2) settled at $278.2. The structure then nested higher into wave (3), reinforcing the bullish momentum.
From wave (2), wave 1 advanced to $306.42, followed by a modest dip in wave 2 that ended at $286.05. The third wave extended strongly, culminating at $332.98, before a corrective decline in wave 4 brought prices down to $317.65. The expectation now is for the stock to extend higher once more, completing wave 5 and thereby finalizing wave (3) of the larger degree. Afterward, a corrective phase in wave (4) should emerge, setting the stage for another rally in wave (5). This final advance would complete wave ((5)) and the broader cycle from the April 2025 low.
In the near term, as long as the pivotal support at $270.1 remains intact, dips are anticipated to find support within the typical three, seven, or eleven swing corrective structures. This suggests that the broader outlook continues to favor further upside, with each corrective phase offering opportunities for continuation of the bullish trend.
