Elliott Wave outlook: Google anticipating a larger‑degree pullback toward $300

Since forming the all‑time high at $408.61 in May 2026, Google (GOOGL) has begun a larger‑degree correction. The broader extreme area for this cycle sits at 288-306, and the current decline continues to track toward that region. Short term, the cycle from the September 22, 2026 high remains in progress as a clear impulsive structure. Within this sequence, wave (1) ended at $336.02, and the subsequent rally in wave (2) ended at $359.16.

The stock then turned lower in wave (3), which shows internal subdivision consistent with a five‑wave impulse. Down from wave (2), wave 1 ended at $340.61, and the rally in wave 2 ended at $352.15. The decline resumed in wave 3 with an impulsive profile that reinforces the broader corrective theme. Down from wave 2, wave ((i)) ended at $338.75, and the rally in wave ((ii)) ended at $346.58. The structure suggests that wave ((iii)) of 3 should extend lower and maintain the dominant bearish momentum.

Near term, the pivot at $359.16 remains the key level. As long as this pivot stays intact, any rally should fail in three or seven swings and lead to further downside. This view aligns with the larger‑degree correction already underway and supports the expectation for continued weakness toward the extreme area.

Google 30 minute Elliott Wave chart

Google Elliott Wave [Video]