Was GME predictable? Enter to find out
The chart is self-explanatory.
I'm attaching down evidence that shows that the pattern repeats itself.
You are welcome to go search for the same pattern in different stocks and attach their picture in the comments below, making this idea more complete.
The logic of this pattern:
You look for a trend-down stock. You plot the VWAP.
Someone is shorting the stock, massively, but that someone, doesn't think that for every short he sold, he needs a person to buy from (he needs another person to sell the stock to him so he could get out).
The red VWAP is his short position line, the more he short, the harder it will be for him to get out. He shorted for months, and now he needs to exit this position in a matter of days. Short squeeze.
Now he needs to chase the sellers, buying whatever price they request, hence, the price goes up and a new up trend emerges. Consider buying options, if they look profitable. Or buy the stock, whatever your trading spaceship is...
Follow for more.
Here you can see the pattern repeats itself...
I'm attaching down evidence that shows that the pattern repeats itself.
You are welcome to go search for the same pattern in different stocks and attach their picture in the comments below, making this idea more complete.
The logic of this pattern:
You look for a trend-down stock. You plot the VWAP.
Someone is shorting the stock, massively, but that someone, doesn't think that for every short he sold, he needs a person to buy from (he needs another person to sell the stock to him so he could get out).
The red VWAP is his short position line, the more he short, the harder it will be for him to get out. He shorted for months, and now he needs to exit this position in a matter of days. Short squeeze.
Now he needs to chase the sellers, buying whatever price they request, hence, the price goes up and a new up trend emerges. Consider buying options, if they look profitable. Or buy the stock, whatever your trading spaceship is...
Follow for more.
Here you can see the pattern repeats itself...
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💰 Trade your way to success and freedom
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