Downloading...
Download

Newpattern

Goldman Sachs, the Buyback King?Goldman Sachs, one of the very few giant financial services companies left, is intending to do the first mega buyback program that will exceed One TRILLION dollars into 2025. Gasp. So the chart shows the initial buybacks commencing and the support of its stock price during the very dicey sideways trend. The company reports earnings Monday, April 15. Enough time to catch another swing run to earnings if the current consolidation breaks out to the upside. NYSE:GS is a Sell Side Institution and admits it is heavily vested in NASDAQ:NVDA and other big tech stocks at this time. GS benefits from higher interest rates holding through this year.
NYSE:GS
by MarthaStokesCMT-TechniTrader
Might be the biggest opportunity we will see in a whileI realize majority of people will read this and laugh.. that's on you if you miss out - I'm just pointing out the possibility and I see it clearly in the math: So this is the most extreme upside case that I see for QQQ near term. I posted a bigger picture for QQQ with what I think are realistic targets in normal conditions. This is a special case that can occur during a very massive squeeze. @quynhpham48975 you have been emphasizing this upcoming event, and tonight I finally saw what you mean clear as day as I came across CAR and remembered then backtested this! This is insane but you are absolutely right. I have played this set up before in CAR back in March, and I'm now recognizing it for so many tech names (see below for example): Below I define setup that I have backtested and am now seeing for a ton of names in the market. I'm not sure if there is already a conventional name for this setup, if so let me know! Otherwise, I'll be referring to it as a "swivel": Rules: - Let x.l be the swing low coming off a major decline, wave x.u is first upside peak following x.l - alpha is the wave down following x.u. Alpha retraces 1.272-1.414 of x.u - beta is the wave up following alpha. Beta extends 0.618-0.786 of alpha - gamma is the final wave down following beta. Gamma retraces 0.618-0.786 of beta - OMEGA is the target after the swivel completes. OMEGA extends 4.618 of gamma, or Sigma = sum of waves x.u-gamma of x.u (when ~4.618 of gamma & ~Sigma of x.u align these almost always hit) *** One more side note that I always see with this setup, notice the stochastic RSI forms an inverse Head and Shoulder during the swivel. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- See you at 353 triple Q. The earliest I see this unfolding (i.e. hitting this insane target, but no cap it's bout to hit) is July 14. Woah. Sincerly, Woah P.S. Here are 10 more names that all have this setup, the levels outside parenthesis are their best case scenario near-term targets (in parenthesis are levels that might be more realistic, but if the extreme levels hit I won't be surprised): SPY 436 (423) TQQQ 45 (39) AAPL 167 (151) BYND 43 (35) ROKU 159 (111) wtf, plz hit MSTR 330 (271) COIN 107 (80)... yeah that means BTC about to lead this, probably that and NVAX approval... and just generally shorts are in trouble if this triggers SQ 103 (85) W 108 (69) HUBS 526 (404) P.S.S. notice that region circled in mid April on the QQQ chart... that right there set this in motion to occur downstream IMHO. It was a massive battle between bulls and bears at the time and bulls lost, but they'll get the last laugh here it seems. I have seen this a lot in names like BHVN preceding a massive squeeze such as the one anticipated here. We bout to see some fireworks.
NASDAQ:QQQLong
by JerryManders
15
Bullish Swivel - Example/FrameworkThe purpose of this post is to define a setup that I have backtested and am now seeing for a ton of names in the market. I'm going to kill 2 birds with 1 stone and also make a forecast for CAR near term. I'm not sure if there is already a conventional name for this setup, if so let me know! Otherwise, I'll be referring to it as a "swivel": Rules: - Let x.l be the swing low coming off a major decline, wave x.u is first upside peak following x.l - alpha is the wave down following x.u. Alpha retraces 1.272-1.414 of x.u - beta is the wave up following alpha. Beta extends 0.618-0.786 of alpha - gamma is the final wave down following beta. Gamma retraces 0.618-0.786 of beta - OMEGA is the target after the swivel completes. OMEGA extends 4.618 of gamma, or Sigma = sum of waves x.u-gamma of x.u (when ~4.618 of gamma & ~Sigma of x.u align these almost always hit) I illustrated using CAR and will be referring to this in upcoming posts for a lot of big names that are about to see insane upside. *** One more side note that I always see with this setup, notice the stochastic RSI forms an inverse Head and Shoulder during the swivel. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ CAR near term is interesting, after hitting OMEGA back in march its pulledback nearly exactly into the swivel pocket and appears to be reforming the structure. If it can complete beta and gamma in time to align with QQQ popping any day now, then at minimum CAR will run to 250-300 by end of July. Wow.
NASDAQ:CARLong
by JerryManders
Friday FOMO! How much are you willing to lose?Wednesday and Thursday market disruption continues. The pattern is switching mid-cycle making everyone uncomfortable. Thanks to everyone dropping me messages and sending screenshots of whales spoofing the market with 100-200 BTC bids at a mid-price point. I feel your pain, it does suck. Friday FOMO is on, position is long. Todays's forecast shows highs of 1410 (unchanged from yesterday) with a new potential high at 1450. The low points show strong stop support at 1292 it bounced of many times in last 24 hours. The lowest forecasted low may be 1243. Have fun trading!
BITSTAMP:ETHUSDLong
by DataMoney