5 Wave Impulse + 7 Swing WXY correction
$GOOGL 4H Elliott Wave Chart 10.09.2025:
In the 4-hour Elliott Wave count from October 09, 2025, we saw that $GOOGL completed a 5-wave impulsive cycle at red III. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the equal legs area between $234.29 and $223.58. This setup aligns with a typical Elliott Wave correction pattern (WXY), in which the market pauses briefly before resuming its primary trend.
Conclusion
In conclusion, our Elliott Wave analysis of Alphabet Inc. ($GOOGL) suggests that it remains supported against June 2025 lows. As a result, traders should buy the dips and monitor the $260 – 270 zone as the next potential target. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets.
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