In this Elliott Wave update, the latest structure in Alphabet Inc. ($GOOGL) is being reviewed. After a strong rally from the October 2022 low, the stock appears to have completed a larger bullish cycle. As a result, a 3 swing correction is now being formed. Furthermore, the next important reversal zone is seen at 257 – 223, where a renewal of the bull can happen.
5 Wave Impulse Structure + ABC correction
$GOOGL Daily Elliott Wave Analysis March 22nd 2026
On the daily chart, a powerful advance was seen from the October 2022 low. That rally carried $GOOGL sharply higher and allowed a larger bullish sequence to be developed over time. However, the move now appears to have reached an important peak, and the Super Cycle from October 2022 may have ended.
Consequently, upside momentum has been reduced, and a corrective structure has started to take shape. Rather than another immediate extension higher being favored, a pullback sequence is now being expected.
3 Swing Correction Is Taking Place
At the moment, the correction is being developed in three swings. The first leg lower is being labeled as wave A, with a bounce to correct it as wave B. Once price breaks below wave A, wave C is expected to happen.
This pattern is important because temporary rebounds can be produced during the correction, yet the larger pullback can still remain incomplete. As a result, traders should be aware that near-term strength may be corrective and not necessarily the start of a fresh impulsive rally.
Next Reversal Zone Comes at 257 – 223
Most importantly, the next reversal zone is seen in the 257 – 223 area. This region is being watched closely because it marks the next support zone where the current corrective decline may be completed.
Typically, when such a support area is reached, selling pressure begins to fade and a reaction higher is often produced. In this case, a renewal of the bull can happen from 257 – 223. In other words, once the 3 swing correction is completed into that area, buyers may step in again and the larger bullish trend may be resumed.
However, until that zone is tested, more downside can still be seen. Therefore, attention should be kept on how price behaves as it approaches the next reversal area.
Near-Term Outlook for $GOOGL
For now, a corrective path is being favored. Although short-term rebounds can still be produced, the broader pullback has not yet been confirmed as complete. Accordingly, patience should be maintained while the stock continues to work through this 3 swing structure.
At the same time, the long-term bullish sequence has not been invalidated. Once the 257 – 223 area is reached, a meaningful reaction higher may be triggered. Then, a new bullish phase could be started as the correction comes to an end.
Technical Summary
To summarize, $GOOGL may have ended its Super Cycle from October 2022, and a 3 swing correction is now taking place. Meanwhile, the next reversal zone is seen at 257 – 223, where a renewal of the bull can happen.
Source: https://elliottwave-forecast.com/video-blog/googl-elliott-wave-forecast-3-swing-correction-unfolds/