GME Potential Dead Cat Bounce
Updated
Hi everyone,
This idea is a follow-up on the previous one "GME GAME OVER" where we discussed the potential bubble structure phase "return to the normal".
If that phase is in development via upcoming bullish engulfing patterns, we might try to close the previous bear gaps and thus rallying to the upside.
google.com/search?q=bubble+stock+market&rlz=1C1CHBF_enBE740BE740&sxsrf=ALeKk00n_gITfcCGScNn5vMwDq72JKV6Ow:1612985799387&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiIiuasiODuAhVtVRUIHSx2An4Q_AUoAXoECBsQAw&biw=1920&bih=969
The moment the potential rally would lose any strength via a decrease in volume followed by bearish engulfing patters, or any type of bearish price action,.. we could go over in the "fear" and later on "capitulation" phase.
How High can this go?
I don't know but a retest of the 90-100 dollar zone with be more or less in line with the VW short squeeze.
https://www.tradingview.com/chart/GME/1oxRAkqn-GME-vs-VW-Short-Squeeze-NOT-LOOKING-GOOD/
This idea is a follow-up on the previous one "GME GAME OVER" where we discussed the potential bubble structure phase "return to the normal".
If that phase is in development via upcoming bullish engulfing patterns, we might try to close the previous bear gaps and thus rallying to the upside.
google.com/search?q=bubble+stock+market&rlz=1C1CHBF_enBE740BE740&sxsrf=ALeKk00n_gITfcCGScNn5vMwDq72JKV6Ow:1612985799387&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiIiuasiODuAhVtVRUIHSx2An4Q_AUoAXoECBsQAw&biw=1920&bih=969
The moment the potential rally would lose any strength via a decrease in volume followed by bearish engulfing patters, or any type of bearish price action,.. we could go over in the "fear" and later on "capitulation" phase.
How High can this go?
I don't know but a retest of the 90-100 dollar zone with be more or less in line with the VW short squeeze.
https://www.tradingview.com/chart/GME/1oxRAkqn-GME-vs-VW-Short-Squeeze-NOT-LOOKING-GOOD/
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