Google (GOOG) Predictions for August 2023 (Free Best Trades)

Kapproveb Alcyone
Jul 22, 2023
3 min read

Updated: Aug 8, 2023

Month’s Theme: The halting of a bullish trend marked by a sharp decline through key support. That’s crossed with sideways rotation.

Behavior Around the High: A significant trade opportunity around the high.

Behavior Around the Low: An opportunity to position oneself in both directions around the low.

Exclusive Trade Opportunities for Subscribers:
- An opportunity to open a long position on the 2nd or 3rd. I would exit that at a brief peak that’s easily missed on the 3rd or 4th.
- An opportunity to open a short position at the peak on the 3rd and close out at the end of the day on the 4th.
- An opportunity to open a long position on the 7th in the midst of a decline. I would close that after we rally into key resistance on the 9th.
- An opportunity to open a short position early in the day on the 10th and close it on the 11th in the midst of a decline.
- An opportunity to open a long position for a swing trade on the 14th. I would hold that until the end of the day on the 15th in the midst of a fast, sudden move higher.
- An opportunity to open a short position for a day trade on the 22nd.
- An opportunity to open a short position on the 25th in the midst of a move higher. You could close that the following day.

Overview

On the 1st, we’ll have an opportunity to position oneself in both directions. We have a key support level on the cusp of the 1st/2nd. On the 2nd, we’ll gap up and then have another decline into a trough. On the 3rd, we’ll likely have another gap up. The highest high may be on the 3rd. There’s a trough on the cusp of the 3rd/4th. On the 4th, there’s a brief peak that’s easily missed followed by more significant decline.

On the 7th, we’ll decline to and through support, bounce along support, and then decline through more supports. On the 8th, we’ll have multiple failed attempts to break through key resistance and have a prominent crest that forms. On the 9th, there’s a rally to meet key resistance and then break down from that with consecutively lower spikes up on the way down. There’s a prominent crest or peak on the 10th that we’ll decline from pretty notably. That decline increases with momentum moving into the 11th.

On the 14th, there’s a move higher where we turn resistance into new support. There’s a lot of price change on the 15th. We’ll have a rally along a diagonal trend line where we’ll break through horizontal resistance to meet a secondary resistance. There’s a notable decline on the 16th into the 17th. It’s hard to tell whether we’re bullish or bearish on the 17th. There’s a rally that commences early in the day on the 17th. On the 18th, there’s a peak or crest that we’ll sell off from pretty notably.

We’ll move into a low on the 21st. This is most likely where we have a lowest low. On the 22nd, there’s a significant move to the upside. On the 23rd, there’s a peak or crest late in the day. We’ll sell off from that pretty notably into a trough. On the 24th, there’s a move to the upside followed by more decline. We’ll gap down on the 25th taking us to another low for the month. That decline turns into another fast, sudden move higher and takes us into a peak or crest at the end of the day.

On the 28th, we’ll sell off from a peak or crest and move down into another trough. On the 29th, we’ll likely revisit an important support level. On the 30th, there’s a sharp drop in a period of sideways rotation. There’s a sharp drop on the 31st to another support level. There may be a big move to the upside off of that support level.

Sneak Preview

In September, we’ll see an important crest or peak.