Google (Alphabet)
A weak recovery..!In the past 3 days, we see higher closes in the market and most tickers have finished the past 3 days greenish!
But looking at volume and compare it to the past week's average clearly shows the weakness on the buyer's side!
More neutral days could be the most probable scenario in the coming days!
AAPL, MSFT, GOOG, AMZN, and FB have seen higher prices at lower volumes..! which is not a bullish sign!
Waiting for better entries could be a good choice!
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I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Google, 7 OCT - Elliott waves | Gann | Astrology $GOOGAlphabet, as expected, bounced off the 20 week MA (in red), and we closed longs at Gann level 2651. But the count hints at more downside in the mid-term.
Since the ATH, price declined in ABC patterns, so that we can assume a WXY or a complex ABC is unfolding.
If correct, sellers may step in at the 20D MA again. A possible area is the blue box (.618 to .786 Fib).
Ascendant conjuncts natal Jupiter on 9 OCT. The following trading days 11-12 OCT have higher probability for bearish price action. We may watch out for an expansion of volatility again. A short idea could be interesting at that point, however needs further confirmation.
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In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
Google, 1 OCT - Elliott waves | Gann | Astrology $GOOGAlphabet approaches Gann level 2651 and we can count 5 waves to the downside (green count).
The 20 week MA (red) is located below at 2630.
An idea would be to reduce short exposure on Gann level and further observe if buyers step in.
Ascendent conjuncts natal Mercury today, however it stands in trine to natal North Node. Mars squares natal Venus on 2 OCT. Overall rather mixes signals.
Alphabet’s Waymo received a license to offer self-driving rides in California, an important development for the company. Until 8 OCT the Irish govt. is to decide on joining OECD corporate tax proposals, which may impact Alphabet’s margins so that we need to be careful with long positions.
______________
www.constellations.trade
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
Open an account here if you'd like to support my work:
TastyTrade
America's best Options, Futures and Crypto broker
start.tastyworks.com
Deribit
The world's most liquid Bitcoin options platform
www.deribit.com
Binance
10% off trading fees with this link:
accounts.binance.me
These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
Warning Signs in Google Price Pattern1- Closing below 50 EMA for 2 consecutive days after 1 year ..!
2- Lower-High Lower -Low pattern: with higher Volume price in down Swings in comparison to positive days and crossing below an important support level.
3- closing below the Uptrend regression channel after 1 Year:
4- This will become more important when you know Google is the champion between Trillion dollar companies in the market..!
5- A breakaway gap occurs when the price gaps above a support or resistance area, like those established during a trading range. When the price breaks out of a well-established trading range via a gap, that is a breakaway gap. A breakaway gap could also occur out of another type of chart pattern, such as a triangle, wedge, cup and handle rounded bottom or top, or head and shoulders pattern.
A breakaway gap occurs when the price gaps are above resistance or gaps below support.
Support or resistance, in this case, is often associated with a chart pattern, such as a trading range, triangle, wedge, or other patterns.
Breakaway gaps often occur early in a trend and show conviction in the new trend direction.
Other gap types include runaway, exhaustion, and common gaps.
Reference Article:
www.investopedia.com
www.investopedia.com
Google, 29 SEP - Elliott waves | Gann | Astrology $GOOGAlphabet hit resistance at Gann level 2861 and began to lead the market in yesterday’s selloff. As expected from the Nasdaq analysis we can recognise an unfolding wave (c), which is reflected in GOOG as well.
If the green count is accurate, GOOG may have completed wave iii, so that we can look for a potential wave iv with a retrace to the .382 Fib level (blue box).
Waves 4 are hard to trade but due to their choppiness we may profit from a brief contraction of implied volatility when selling premium.
If wave C continues to unfold we may look at the next levels for potential supports:
- 2699, wave (a)=(c) equality
- 2651 Gann level
- 2549 and 2559, Gann level & 1.618 Fib level
On 29 SEP three minor Mars/Moon constellations occur.
Correlations: DXY continues its exceptional strength as yield spiked, but Gold and Bitcoin has started to rise again, which could potentially be an early indicator that USD may begin to slow. EURUSD is at support level as well. A declining USD would help the yield-sensitive tech sector.
______________
www.constellations.trade
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
Open an account here if you'd like to support my work:
TastyTrade
America's best Options, Futures and Crypto broker
start.tastyworks.com
Deribit
The world's most liquid Bitcoin options platform
www.deribit.com
Binance
10% off trading fees with this link:
accounts.binance.me
These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
Alphabet Analysis 26.09.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I would also appreciate, if you would smash that like button and help me to create more free analysis like that.
Thank you for watching and I will see you tomorrow!
The best support level for GoogleGoogle has never closed below 50 EMA since October 2020..! and after a 93.33% gain, it took over Amazon and become the 3rd biggest company in the world.
It crossed below 50 EMA on September 20, 2021, but bounced backed and finished the day above it. It could stagnates for a while
The Magical 50 days Exponential Moving Average (50EMA)In 2021, we should take the price reaction to 50EMA very seriously! Especially if you like to buy the dips!
I believe it could be single best tool to help you find the best entry and exit point in many tickers..!
Let's review few examples:
1- NASDAQ:NVDA
2- NASDAQ:MSFT
3- NASDAQ:AAPL
4- NASDAQ:GOOG
5- NASDAQ:FB
6- NYSE:CRM
7- NASDAQ:CSCO
8- NYSE:SNOW
9- NYSE:BAC
10- NYSE:XOM
and major indexes:
SP:SPX
TVC:NDX
TVC:DJI
What is Price Action?
Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity, or other asset charts. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.
Price action generally refers to the up and down movement of a security's price when it is plotted over time.
Different looks can be applied to a chart to make trends in price action more obvious for traders.
Technical analysis formations and chart patterns are derived from price action. Technical analysis tools like moving averages are calculated from price action and projected into the future to inform trades.
How to Use Price Action
Price action is not generally seen as a trading tool like an indicator, but rather the data source off which all the tools are built. Swing traders and trend traders tend to work most closely with price action, eschewing any fundamental analysis in favor of focusing solely on support and resistance levels to predict breakouts and consolidation. Even these traders must pay some attention to additional factors beyond the current price, as the volume of trading and the time periods being used to establish levels all have an impact on the likelihood of their interpretations being accurate.
Limitations of Price Action
Interpreting price action is very subjective. It's common for two traders to arrive at different conclusions when analyzing the same price action. One trader may see a bearish downtrend and another might believe that the price action shows a potential near-term turnaround. Of course, the time period being used also has a huge influence on what traders see as a stock can have many intraday downtrends while maintaining a month-over-month uptrend. The important thing to remember is that trading predictions made using price action on any time scale are speculative. The more tools you can apply to your trading prediction to confirm it, the better. In the end, however, the past price action of a security is no guarantee of future price action. High probability trades are still speculative trades, which means traders take on the risks to get access to the potential rewards.
Conclusion:
Monitor asset reaction to 50EMA and define your entry and exit strategy based on this simple tool!
Reference Article::
www.investopedia.com
Be an inquirer, Not a Believer..!Words cannot express how much my followers mean to me.
I’m eternally grateful for all the support and kindness I have received in the past few months from my followers on this platform.
I came across an interesting story written by Friedrich Nietzsche, so I decided to share it here. I believe it will give you a clear pathway on how to follow others in life and trading as a part of your life.
The Bestowing Virtue
Zarathustra—a sage who is also the central character of the book—tells his followers to stop following him. He says, “I now go alone, my disciples! You too go now, alone! Thus I want it. I advise you: depart from me, and guard yourselves against Zarathustra! And better still: be ashamed of him! Perhaps he has deceived you.”
A young student (S) spent years searching for enlightenment. He traveled across many countries and lived among various groups of ascetics, but after searching for years, he found his quest to be fruitless. Finally, he gave up and decided to work on a farm. The farmer (F) he worked with was a simple man. He didn’t talk much, but when he did, he enjoyed a good philosophical debate with the student. At first, the student was open to debate, doubting much of what the farmer said, thinking he was similar to the other ascetics the student had met in the past. But after some time, the young student sensed an immense wisdom and tranquility inside the farmer. He started to agree with the farmer more and more. The students desire for enlightenment had returned, and so the student worked with the farmer for months, absorbing his knowledge. Eventually, the farmer noticed that the student had stopped debating with him, and the following conversation ensued.
F: I think it’s time for you to leave me.
S: Leave? Why?
F: Listen, when you first arrived here, we had many things to teach one another. We grew together and learned from each other. Your mind was inquisitive. But recently, you’ve begun to believe everything I say. You’ve gone from an inquirer to a believer, and I won’t let you do that to yourself or to me. We’re both better off if you leave.
S: But I came seeking the truth, and I found it in you.
F: The truth! You’re lost kid.
S: Why would you send me away like this? How can you do that to me?
F: Let me show you something. Take a look at this map. What do you see?
S: I see our farm, the river nearby, and the mountains.
F: No, you see /an image/ of our farm, the river nearby, and the mountains—not the things themselves. Now tell me, what can you learn from this map?
S: I can learn where the farm and the river are, the height of the mountain, where the berry trees are, where we plant our carrots…
F: No you can’t. Give it a few millennia. The river will dry up, the mountains will move, and this farm may be a city. You can’t learn anything about the farm as it is, you can only see an image of it as it was at some point in time. See, a man’s memory is like this map. It can capture a shadow of reality, and he can share that with you, but he can never give you the reality itself. A man can give you his memories of the truth, but he can never give you the truth itself. He can tell you where the farm was, but you’d still have to verify it for yourself. If you want the truth as you say, there can be no intermediaries, no middlemen. If there’s a middleman, then he is the one you are following, not the truth.
S: But what’s wrong with following you?
F: If you follow me, you’ll live according to /my/ memories. You’ll live according to /my/ map, and you’ll never learn to construct your own. What if my map is wrong? Then you’ll be lost with me, and you won’t be able to correct me because you never learned to navigate on your own. And if you can’t correct me, then we’re no longer able to help each other. But if you learn to see for yourself, if you learn to construct your own map of reality, then we can come together as friends and individuals. We can compare our maps and help one another see reality as it really is. And when we both see reality as it is, we can journey through it together, as equals.
S: I guess you’re right. I’ll start packing my things.
I believe if you change some words in this conversation and read it again it would be nice:
Farmer: Analyst
Student: Trader
Map: Analysis
Farm: Market
River: Trend
Mountain: price pattern
...
Nothing would be better than to finish my post number 1111 than expressing my gratitude once again:
I am more grateful to you than you’ll ever know.
Best,
Moshkelgosha
Reference:
freedominthought.com
GOOGLE First buy signal within the Channel Up.Pattern: Channel Up on 1D.
Signal: Buy (1/2 position) as the price hit and rebounded on the 4H MA50 (red trend-line). Second buy on the 1D MA50 (blue trend-line). This buy pattern has been holding for the majority of 2021.
Target: 3000 (just over the 1.5 Fibonacci extension, which is the extension target on all MA50 bounces).
Most recent Google signal:
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Google Shares Can Fall From Parabolic MoveTraders,
Google (Alphabet) had one the best runs since covid-19 crash last year. The move has just been nothing short of the best parabolic one in any stock in recent times. However it may be about to change. For the first time, Google price action has started to show sign of a correction.
And we know that when a parabolic moves corrects it usually is a quick one too. 😃
Both charts and algos are telling the same story. So this is something I will be watching next week as it may start a new domino effect and lead us into a great profitable short opportunities.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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