Our plan going into earnings next week #stocksWe were burned by Salesforce but were rewarded by Crowdstrike. The Model has us long equities across the board so we are willing to continue to take the earnings risk. ADOBE has been best in breed
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
ADBE
Corrective Structures and Fibonacci ExtensionsHere, we will expand the information about the chart.
Corrective Structure: Tell us about an accumulation/distribution process. That means that Institutional funds are trying to buy the maximum amount of an asset. Remember, they have a lot of money. They cant set a buy order as Retail traders do. They need to average their buy on a range (that takes time). The same applies to the selling process. A key aspect of this process is the idea that when they buy, they will move the price; after that, they need to sell a partial amount of the previous purchase to keep the price in range. When the price falls again, they loop the process again. These actions create corrective structures that retail trades can use to understand that this is happening and simply wait for the breakout.
Fibonacci Extensions: Ralph Nelson Elliott stated that, while stock market prices may appear random and unpredictable, they actually follow predictable, natural laws and can be measured and forecast using Fibonacci numbers. ( In this case, Fibo Extenssions provide us with Targets based on proportions with previous movements) Elliott stated that, while stock market prices may appear random and unpredictable, they actually follow predictable, natural laws and can be measured and forecast using Fibonacci numbers.
We hope the information was useful!
Buy Signal: 467.19Ingenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
It´s never too late to buy $ADBE It´s never too late to buy a stock. No one can determine wether it´s on its cealing or not. Sometimes all you need is historical data and a clear long signal.
It has been now more than 4 years since Adobe´s stock price started to increase at good rithm. For the past weeks it has been quite blurry to determine what could happen.
$ADBE has broken the triangle pattern created since its last highest, upwards. It is above the 50MA, the RSI has been latheralizing while the MACD forrest was negative. But now the MACD is about to turnaround positvely, plus the RSI is above the 50lvl. We can see this as clear long signals on a stock price to which I personally see no roof yet.
$ADBE Adobe Poised for a Run$ADBE Broke out of a falling wedge pattern to the upside today on the daily chart, held the 20d ema line as support and closed above recent highs. Expect to see a strong continuation move in the coming days.
Also of note, we saw some bullish unusual options activity late last week with 5k $420.00 strike (deep ITM) Jan'21 calls traded Friday vs open interest <300 or 19 times OI. These contracts were over $8k each for a total premium outlay of $42.1M - this was likely a large hedge fund trade.
Near term target - $540-$560 range by late October
Note This is NOT investment advice.
ADBE Bullish Trade Setup On the Daily time frame, ADBE consolidation is almost complete setting up for a likely wave (3) rally same degree measured move targeting the 560-599 level. I am interested in setting up medium term long position on ADBE with expiration into Oct-Nov 20’. Trade execution details in video update.
NASDAQ100 - What´s about 11.000The markets are crazy. Especialy the NASDAQ100 NASDAQ:NDX
Before we could see the next down move in the NASDAQ100 we might see the next, maybe the last, bull run to 11.000
The FANG Stocks will guide the NASDAQ. Those 4 Stocks + a few other heavy weights have the most impact in the TechSector.
NASDAQ:FB
NASDAQ:AMZN
NASDAQ:NFLX
NASDAQ:GOOGL
NASDAQ:MSFT
NASDAQ:ADBE
NASDAQ:NVDA
>> And never fortget ! -- Plan your trade and trade your plan ! <<