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2023 One-Year Google (GOOG) Predictions (Public Version)

Updated: Jan 1, 2023



  • Year’s theme: We’ll sell down to and through a support level off a crest, do a U-shaped reversal below that support level, and then come up and reuse that support level as support. We’ll also see the commencement of a rally with a notable move higher. I’m advised to open up protection early in the year.


  • Behavior around the high: A notable move to the upside into the high, even in the face of seemingly overwhelming headwinds.


  • Behavior around the low: A notable move higher out of the low that will stand out on a one-year chart.



Overview



January


In early January, we’ll start out with a prominent move to the upside that stands out on a one-year chart. We’ll then have a full retracement back down to where that move to the upside started. The month’s high is within close proximity to a prominent low for the year. There’s a rally into the month’s high that offers an opportunity to open up a short position. We’ll sell down to and through support off of a crest before doing a U-shaped reversal to move back up and reuse that support level as support. There’s a notable decline into a low toward the end of January. This will be followed by a notable and unexpected move higher at the end of January or in early February.



February


We’ll move into a new high for the year in early February. There are multiple false bottoms around February’s low so I’m advised to be cautious. Around February’s high, we’ll have a notable move higher where we’ll break through resistance. We’ll stay above resistance briefly before moving back down through that same price level. Toward the end of February, there’s a notable decline. We’ll decline to a key support level and then rotate sideways along that support level.



March


There’s a U-shaped dip in early March that forms near the intersection of two perpendicular diagonal trend lines. Out of the low for March, there will be a significant move higher that pushes the upper end of an important range higher. We’ll have a significant move higher out of oversold territory into the March high. The high looks to be in the third week of March. Around the end of the month we’ll have some bumping up along resistance.



April


We’ll have a sharp decline back down to and through a key support level that we recently broke through in early April. That decline will continue and increase with momentum moving into the month. There’s then a breakout out of that decline into a rally that increases with momentum moving forward into the end of the month. We’ll have another low for the year in April. Around the high, there’s some sort of holding pattern with a pop or drop.



May


There’s a big and unexpected move higher to reach for distant resistance in early May. We’ll attempt to establish support around the May high. A rally along a diagonal trend line breaks down with a fast, sudden move higher. That rally is followed by a breakdown through that diagonal trend line with increasing volatility on the way down as we move into the end of May. There’s a key price level highlighted around the end of May near a low. There’s another prominent low that will stand out on either the cusp of May and June or in early June.



June


In early June, we’ll decline. We’ll move to the downside with a sharp dip into the low moving into the second week of June. We’ll break down into a prominent trough after breaking through a support level and bouncing along a secondary support level. Out of that trough, there’s a notable breakout that takes us to a prominent high on a one-year chart toward the last week of June. June’s high will offer an opportunity to open a straddle/strangle or in other words, both puts and calls. It looks like we’ll move higher at this point. There’s a peak or crest that stands out on a one-year chart toward the end of June or early July.



July


In early July, we’ll have a period of sideways rotation with a sharp dip. That sharp dip takes us to a support level which was recently a past opportunity. If a straddle/strangle was opened in June, I would close out after a sharp drop into mid-July. We’ll have some bearish price swings and then revisit a support level that was recently a past opportunity. There’s a big move to the upside toward the end of the month to reach a key critical price level that may be the high for the year toward the July/August cusp. That high will offer an opportunity to cash out of calls.



August


We’ll have multiple headwinds pushing Google into August’s low. Out of the month’s low, we’ll have sideways fluctuations with a bullish trend and a rally into a high for the month.



September


We’ll see the same high as the high for August in early September near overbought territory. There’s the halting of a bullish trend marked by a decline through key support in the first or second week of September. We’ll have a failed attempt to break through key resistance followed by a decline through key support on the scale of a one-year chart. Around the month’s low, we’ll have a move higher through resistance. We’ll stay above resistance briefly and then break back down through the same price level with a full retracement. In the end of September, there’s a notable rally higher out of a decline from the bottom of a range to the top of a range. I’m advised not to chase this rally.



October


The rally to the upside at the end of September continues along a diagonal trend line into early October. That rally will break through horizontal resistance to meet a secondary resistance and then pull back to somewhere between those two price levels. We’ll then sell from that month’s high near overbought territory. There will be a brief peak that is easily missed toward the end of the month.



November


There’s a fast, sudden move higher to meet a key resistance level on the scale of a one-year chart in early November. Off of that resistance level, we’ll break down with consecutively lower spikes up on the way down into a prominent low for the year. This move to the downside will be toward the end of the month after a sharp decline. I’m advised to buy protection when we meet that resistance level.



December


We’ll have bullish price swings into December out of the low at the end of November. Those price swings will increase with bullish momentum as we move into a month’s high for December. The month’s low is formed in a period of volatility that ends with a fast, sudden move higher. We’ll then have a sideways S-formation at the end of December.



Sneak Preview


In 2024, we’ll see sideways rotation that increases with bullish momentum moving forward into the year. There’s an opportunity to open a long position in April at a notable low.





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