GameStopLong
GME: Falling Wedge Breakout to All-Time Highs is Near
Updated
GME recently bounced from the lows on the lower timeframe thanks to a Bullish Gartley and a massive amount of MACD Bullish Divergence and it has since come back down to fill the gap the rise created; now that GME has filled that gap it is going for a second leg up and the RSI is entering the Bullish Control Zone, and soon it will be Bullishly breaking out a macro falling wedge pattern which if it breaks, I think could take it up to the levels of at least $120-$135
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It looks like GME is setting up for what could be a 4th Rising Valley; the typical pattern only has 3 Rising Valleys, but this one seems to be setting up for even more accumulation than what is typically expected by giving us a 4th. We recently came back down to test the 55 and 89 Day EMAs and the 100-Day SMA and then after two days of testing these moving averages we Bullishly Engulfed. From the looks of it, we will soon see GME confirm a 4th higher low in a row and go for an even higher valley.
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