SAMT Blog
GOOGLE-Bearish patterns have been detected
14. September 2023, by James Touati
Technical Analysis, harmonic patterns
James D.Touati alias "The Wolf of Zurich" proposes you a new approach for users and members, with new posting styles, short formats, graphs, languages and publication frequency.
This publication was made in collaboration with Thomas Veillet.
https://www.youtube.com/watch?v=l-vkdFTooxI
https://www.investir.ch/auteur/thomasveillet/
https://www.youtube.com/channel/UCdzJWqiG3jpnJNXMpz_l6Kg
https://www.youtube.com/@DkodTV
This Friday the 9th of September in the year of our Lord 2023, "The Wolf of Zurich" publishes on GOOGLE.
Google/Alphabet is one of the “Magnificent Seven” and the performance of recent months is indisputable.
However, even though the fundamentals are all green, there may be a "Black Swan" nestling within Mountainview society, this black swan might even have the face of the Department of Justice.
Indeed, for several days, judges have been digging into the past to find out whether Google would not have abused and used financial manipulation to obtain this dominant position in search engines.
Whether we subscribe to this conspiracy theory or not, we cannot neglect the fact that the government will want to make an example and deprive Google of its current privileges - such as, for example, being the default search engine at Apple - this hypothesis could even justify the probability of a severe correction, even if, in the long term, it should not have too much impact either. Add to that the fact that the Magnificent Seven are tired after their 2023 rally and you have a "perfect storm" looming over Mountain View.
A bearish Bat and a bearish Black swan have been detected.
About SAMT and The Wolf of Zurich :
I publish everyday 7/7, in 20 countries, in 20 different languages. If you want to see more details and technical analysis you can follow me on Tradingview everyday.
And to know more about my technical analysis and how I can spot harmonic patterns, Wolfe wave patterns, and potential target estimations like a professional trader, then I invite you to register and become a member of our Swiss Association of Market Technicians SAMT, which is serious and recognized worldwide since 1986 Register here.
"One small step for SAMT, one giant leap for success".
--The Wolf of Zurich.
Be attentive and careful! Good trades and please share.
For more details, you can contact me or follow me on these networks:
LinkedIn: http://linkedin.com/in/james-d-touati-941a8ba6
Tradingview: https://fr.tradingview.com/u/james-samt/
About the author
James D. Touati aka. The Wolf of Zurich is a French trader specializing in futures and CFD trading, a technical analyst and stock market trainer. In a pursuit of earning a living from trading, he has developed a profitable trading method successfully, consisting of a mix of tick data, Ichimoku, Fibonacci retracements, levels and Wolfe Waves.
credits: The Wolfe Wave pattern was originally developped by Bill Wolfe from New York. More information on his website.
James does not only speak 5 languages fluently (French, English, Russian, Spanish, Arabic), but with his solid industrial experience (former CEO JB aviation (Hong Kong), former Chairman M9 global group (link PETRONAS), former Partner CHINESE BUSINESS CLUB (Paris) he is a proven global entrepreneur as well.
Furthermore he has got a background as an intermediation and interconnection specialist for the oil&gas and the aviation industry in the Middle East and East countries.
Disclaimer: All methods, techniques, charts, analysis or results presented in this SAMT Blog are for educational purposes only. The information provided should not be construed in any way as a recommendation to buy or sell any financial instrument. You should always consult with your licensed financial advisor and tax advisor to determine the suitability of any investment to your particular financial situation. The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity. SAMT and its affiliates, directors or agents will not be held liable or responsible for your investment decisions.
SAMT nor any of its affiliates, directors or agents are a financial advisory service, nor a licensed financial advisor and do not provide financial advice whatsoever in any financial product.
Further it should not be assumed that any methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results of any individual trader or trading system presented are not indicative of future returns by that trader or system, and are not indicative of future returns which may or may not be realized by you.
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