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Google Faces Deeper Correction Risk as Key $300 Support Comes Into Focus

Barchart·09/09/2026 04:33:02

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Google (GOOGL) turned sharply lower after we identified a five-wave reversal from the upper channel, which appears to have marked the completion of a larger wave five impulsive sequence. The stock now looks to be entering a broader corrective phase, with the potential for significantly more weakness if key trend line support around the $300 level breaks.

At the moment, the decline could be forming an irregular ABC flat correction, with wave B potentially nearing completion. If this interpretation is correct, a new wave C decline could soon take over and push the stock lower.

Google Faces Deeper Correction Risk as Key $300 Support Comes Into Focus — GOOGL Daily Chart

The $300 area remains the key support level to watch. A decisive break below it could open the door for a deeper decline toward the previous fourth-wave area around $271. On the upside, the $376 level remains important resistance and would need to hold to keep the broader bearish corrective outlook intact.

Highlights:

Five-wave top appears confirmed from the upper channel.
A larger corrective decline now appears to be underway.
The trend line around $300 is the key support to watch.
A break below $300 could expose the $271 area.
Wave B may be completing, which could lead to a new wave C decline.
$376 remains important resistance.
For more analysis like this, you can watch below our latest recording of a live webinar streamed today on September 07 2026:

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