BLK2 trade ideas
TO WHOM IT MAY CONCERN...Price is expanding in perfect cycles of Phi
Time progression at January 2018 high = 956 weeks
Price expansion = 594.52 - 12.5 = 582.02 points (-6)
588 * 1.625 = 955.5 units
So Price : Time = 588 : 956 = Golden Rectangle (Phi)
Total price expansion at November 2020 high = 960.66 points
The 960.6 points has been divided into its 1/3 and 2/3 divisions with the 1/3 (Phi) section defining the 2020 crash low.
Dividing by 5th, 960.66 / 5 = 192.132 points
12.5 + (192.132 * 2) = 396.764 price level = 2/5th
2/5 = 0.4
Octave of 2/5th = (2/5 * 2/1) = 4/5th
12.5 + (192.132 * 4) = 781.028 price level = 4/5th
4/5 = 0.8 = (1/2 * 1.618)
The 4/5th division lies exactly at the midpoint of a Phi expansion of the growth process
Octave of 4/5th = (4/5 * 2/1) = 8/5
We know from the chart that the 5/5 ending point is the current 2021 price high at 973.16
8/5th expansion from 5/5 means we are adding 3/5th parts to the top level
973.16 + (960.66 * 3/5) = 1549.556 price level
The progression of growth then is (2/5 : 4/5 : 5/5 : 8/5)
2/5 : 4/5 : 8/5 is in a doubling progression of (2 : 4 : 8) = 0.4 : 0.8 : 1.6
The Phi progression puts the 5/5 at the Geometric midpoint of the entire growth from Origin to 8/5
2/5 : 4/5 : 5/5 : 8/5 = (0.4 : 0.8 : 1.0 : 1.6)
Geometric Mean = sqrt(1.6 * 0.8) = 1.13 = 1/1 + (0.13) = current primary top.
The most important point now is, what is the harmonic point between the 4/5 and 2/5 levels to support the correction?
Which timeline aligns with this support level to effect the strongest reaction?
How long before the 973.16 high will break to the upside or how long will the action stay below it?
Stay safe, take care and good luck....
The KING Black Rock Hello Team,
This week we look at Black Rock, currently down 30% from the ATH and currently the largest asset manager in the entire world. As always we like to buy strong companies while prices are cheaper.
We are adding a position to our portfolio and will continue if prices falls more towards $550. If price breaks trend line we will look for more at 400 levels.
Enjoy!
BLK BlackRock Options Ahead of EarningsAfter the last Price Target was reached:
Now looking at the BLK BlackRock options chain ahead of earnings , I would buy the HKEX:660 strike price Calls with
2023-4-14 expiration date for about
$12.05 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
BlackRock in bear flag.BLACKROCK - 30d expiry - We look to Sell a break of 618.88 (stop at 645.88)
Intraday signals are bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
620 has been pivotal.
A break of the recent low at 620 should result in a further move lower.
This stock has recently been in the news headlines.
Our profit targets will be 552.31 and 542.31
Resistance: 670 / 700 / 720
Support: 651 / 638 / 620
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Blackrock earnings this FridayBlackrock earnings are on Friday 1/13 at 6:15am. Blackrock (BLK) reported Q3 September 2022 earnings of $9.55 per share on revenue of $4.3 billion. Revenue fell 14.6% compared to the same quarter a year ago. On the 1 week chart, it looks like SMA 100 $768, is a major resistance level. So depending upon if BLK can breakout above $768, this would technically be a short trade the closer it gets that high until then. There are mixed signals on pi RSI with a divergence of RSI/MFI and volume delta is going red even though price action has gone up the past few days. Therefore, I'm posting this as neutral (short speculation in theory without a position yet) until more data prints in the future. Here's BLK levels on its 1-week chart with a dozen historical earnings dates vertical timelines.
Q4 December 2022 Consensus:
EPS = $7.96
Revenue = $4.24 B
SMA100 = $768.40
VWMA 12 TTCATR(beta):
top = $865
R3 = $810
R2 = $755
R1 = $700
pivot = $645
S1 = $591
S2 = $536
S3 = $482
bottom = $427
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
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+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
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Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
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BLK BlackRock Options Ahead of EarningsLooking at the BLK BlackRock options chain ahead of earnings, I would buy the $725 strike price Puts with
2023-1-20expiration date for about
$13.90 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
BLK I set this wedge to focus on the general frame of this trade. A pattern is nothing but a Condition and A condition to me is information to find a proper range of time frame. How long does it take to break the flag. It can happen at anytime. but this gives you a goal of how long it has to break this range. You know your tops at a regression so you know where your best take profit ranges. I added a disjointed channel to focus on the current movmeent so i can catch the movement within. I started as a patterns trader I cant get out of the math that is involved in conditions. I can literally play a channel fluidly and run it off signals.
BLK: volatility squeeze!A bullish technical trend is applicable.
Stop-loss is set at 688.00
The first resistance is set at 787.00.
The first target is set at 968.00.
A volatility squeeze might occur.
A volatility squeeze occurs when the volatility of a stock falls below its recent levels. A fall in volatility usually means that the stock gearing up for a potential new trend.
BlackrockObservations and a few gaps below with Blackrock, daily chart, going back a few months from the start of 2023. I expect some big gravatations with this stock as usual. It's an interesting item to watch because in the end, they control trillions and the health of their stock is important. If its crashing, the S&P is probably not having a good day. And the same for the upside - if Blackrock is up 20-50, S&P is blasting.