Long

GME- 20%+ Move Incoming

Now that we are finally past earnings and the, customary for GME, earnings dip, price can finally get moving

The FED and surrounding conversation will provide the volatility we need

We are predicting a 20%+ move back to the 25 level (should see that move this week)

After that the 28-30 level will be the next target and subsequent resistance zone

From there THINGS GET EXTREMELY SPICY as the 38-40 level is extremely dangerous for Shorts in our estimation

We will continue to track the elliott wave counts at a micro level but as you see from the higher level charts we continue to see GME as EXTREMELY BULLISH

G A M E O N

Note

Morning!

Casino will be open later

Nothing much to add from the weekend update other than as we track price at a more micro level we are still expecting a Wave 2 pullback...which will then be followed by a strong move up for Wave 3

G A M E O N

Note

Ok as expected we got a pullback for what we think is Wave 2 at a micro level

We should be heading up to the Wave 3 target next

Lets see

Note

On our way!

Note

Support is holding so still looking higher

Lots of shorting today, suppressing price

Note

The Bid Smashing/ Spoofing going on is hilarious lol

Note

And thats a wrap!

Another good day as far as we are concerned...minus the obvious illegal and criminal price manipulation that happened after lunch lol...some pretty blatant cheating going on lol

BUT alas, support still held and the price structure did not change one bit

G A M E O N

Note

Morning!

Casino will be open soon

Definitely looking higher

Volume, Support, Resistance and Fibs= The Key

Chart above works for now

G A M E O N

Note

Thinking we see a bottom soon

Adjusted Wave 2 since price retraced to the Monday low

Patience...its about to get moving soon

Note

And thats a wrap!

Saw some consolidation and selling but as per usual SUPPORT HELD

After we bottomed price has entered into what appears to be yet another leading diagonal at the micro level

Added some directional arrows so you can see the course of price we are anticipating tomorrow

G A M E O N

Note

Morning!

Casino will be open soon

Once we get this Fed stuff out of the way we should really get moving

G A M E O N

Note

Tweaked things a bit based on this small move lower

Note

Aggressive algo shorting taking place at the moment

They are simply walking price down via bid smashing

Illegal..but hey what can you do lol

Doesnt change the bullish price structure

Watching to see if the Sep 11th low at 19.31 holds as they are obviously pushing price to that level

Note

Get Ready!

Note

Ok we seem to be bottoming

Tick...Tock...

Note

And thats a wrap

Finally we are past all of this Fed stuff

Lots of algo selling today...

We are definitely in a bottoming phase

The 20 level seems to want to hold which is extremely good

Still looking for a 20%+ move...not sure if we get it this week like we thought we would but its definitely imminent

G A M E O N

Note

Morning!

Casino will be open shortly

Its the day after rate cuts and the market is responding bullishly which bodes well for GME

GME price has noticeably diverted from XRT lately which usually portends an upward move in GME

Things are all coming together

Chart above works for now

G A M E O N

Note

And that wrap!

Nothingburger of a day

Support held despite the illegal shenanigans going on lol (at some point those buys are going to hit the lit market hedgies)

Still feel a 20%+ move is imminent and looks like we shall get it next week as tomorrow/monday should see a bottom put in

G A M E O N

Note

Posting this again for those that havent seen our MOASS call

Note

Still tracking this at a micro level

If the Sep 11 low breaks then this count is invalidated

Lets see if it holds

Note

Morning!

Casino will be open shortly

Still overall looking much higher

Although we are below it we are fully expecting price to move back above and hold the 20 level soon as part of the 20%+ move we are anticipating any day now

Charts above work for now

G A M E O N

Note

Maybe this is the start of the 20%+ move that we have been calling for

Lets see if we can keep up this momentum

Note

Elliott Wave as usual lights the way

We have basically hit the Wave 3 target at the 21.44 level

Still watching the price action to see if Wave 3 has higher to go or its time for Wave 4

Note

Ok fairly confident we are in the midst of the Wave 4 pullback

lets see how deep this gets

Once this bottoms we should head higher to complete Wave 5 around 22.10

Note

Ok solidly on our way to Wave 5 around 22.10

Getting spicy!

Elliott Wave is tracking this almost laser like

Note

We are progressing nicely and have made it almost to the Wave 5 target

From an Elliott Wave perspective the leading diagonal pattern that we have been tracking can technically be considered complete since price broke the Wave 3 high

At this point there is potential to still push higher but be aware that after Wave 5 completes we expect a corrective pullback to around the 20.40 level

But again Elliott Wave is NOT about being exact..its about probabilities and understanding where the market is likely to turn

G A M E O N

Note

And thats a wrap!

Well looks like our call for a 20%+ plus move was on target.

Price isnt there yet but its definitely setting up to complete that expected move back to the 25 then 28-30 area

Elliott Wave as usual has lit the way

M O A S S I S H E R E

Note

Sneak peek at how we see things playing out next week

This is purely conjecture at this point as we need to see how deep we retrace off where ever we top for Wave 5

Heartbeat_Trading

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Heartbeat_Trading

Also on:

Related publications

Gamestop- Idiosynchratic Systemic Risk

by Heartbeat_Trading

GME- Game On...Now What?

by Heartbeat_Trading