The price could decline.

On the daily chart, the third upward wave of the higher level (3) has completed, and a correction as the fourth wave (4) and the first wave A of (4) are forming. At the moment, the third wave iii of A is developing, within which a correction as the second wave (ii) of iii is completing. If the assumption is correct, Alphabet Inc. stock could decline to 280.30–243.30. The critical stop loss level for this scenario is 381.50.