MOASS
TLDR: MOASS is about to kick into high gear and Elliott Wave has given us some solid targets from a price and time perspective
MOASS Target Price: $1800-2400..with potential for us to see pockets of trades fill at even higher levels (remember if price overshoots a target we just look to the next fib)
Timeframe to complete: End of Jan 2025 (pay attention to the fibs on the time axis)
It is time
Our patience is about to be rewarded
Friday saw, what we think is the fuse lighting (hint hint) for what we will look back later and call: MOASS
We have been pounding the table saying that GME is bullish
Elliott Wave Theory has done a great job tracking general price movements
Again, if you are judging Elliott Wave Theorys efficacy by its exactness then you have the wrong expectation
As we have explained many times Elliott Wave gives you IDEALIZED targets but price can and will overshoot/undershoot those targets...and we expect that to happen
Which is why we say EVERY FIB that we show on the chart is important because when overshoots/undershoots happen we just look to the next Fib as our target...and we do this until the price structure changes and invalidates our count
Thats why we constantly talk about PRICE STRUCTURE
Ultimately, price structure, too us, means is the overall structure Bullish (impulsive) or Bearish (corrective)
So with that said this chart lays out exactly how high we think this gets and also how long it might take
Pay close attention to EVERY FIB on the PRICE and the TIME axis...we expect price to react significantly to every one
Oh for the last time...for those that think price could never reach the prices we project ( aka at those prices GME would be XXXXXXXXXXXX Market cap blah blah) we are NOT saying that price will be SUSTAINED at those levels...we are saying price will TEMPORARILY reach those levels..
Remember we are calling targets for a SHORT SQUEEZE here..not a FUNDAMENTAL price target
M O A S S
MOASS Target Price: $1800-2400..with potential for us to see pockets of trades fill at even higher levels (remember if price overshoots a target we just look to the next fib)
Timeframe to complete: End of Jan 2025 (pay attention to the fibs on the time axis)
It is time
Our patience is about to be rewarded
Friday saw, what we think is the fuse lighting (hint hint) for what we will look back later and call: MOASS
We have been pounding the table saying that GME is bullish
Elliott Wave Theory has done a great job tracking general price movements
Again, if you are judging Elliott Wave Theorys efficacy by its exactness then you have the wrong expectation
As we have explained many times Elliott Wave gives you IDEALIZED targets but price can and will overshoot/undershoot those targets...and we expect that to happen
Which is why we say EVERY FIB that we show on the chart is important because when overshoots/undershoots happen we just look to the next Fib as our target...and we do this until the price structure changes and invalidates our count
Thats why we constantly talk about PRICE STRUCTURE
Ultimately, price structure, too us, means is the overall structure Bullish (impulsive) or Bearish (corrective)
So with that said this chart lays out exactly how high we think this gets and also how long it might take
Pay close attention to EVERY FIB on the PRICE and the TIME axis...we expect price to react significantly to every one
Oh for the last time...for those that think price could never reach the prices we project ( aka at those prices GME would be XXXXXXXXXXXX Market cap blah blah) we are NOT saying that price will be SUSTAINED at those levels...we are saying price will TEMPORARILY reach those levels..
Remember we are calling targets for a SHORT SQUEEZE here..not a FUNDAMENTAL price target
M O A S S
Note
Tweaked the fibs a touch
Note
Morning!
Casino will be open shortly!
I think our weekend post said enough lol
Watching volume, support, resistance as usual
M O A S S
Note
Assuming this count is correct this is how we see the immediate future potentially playing out
Note
Micro support/ resistance as of now
Note
And thats a wrap!
We are well on our way!
Support held and we had enough volume to push us higher..all in all a good day
Expect more of the same over the near term
M O A S S
Note
Morning!
Casino will be open soon
Nothing much to add here other than we are still looking higher overall
Lets see what kind of volume we get today
Chart above works for now
M O A S S
Note
Had to tweak the count based on this price action
Note
Ideally we find a floor around the 2.618 fib
If not we just look to the next fibs but with 3.618 and 4.18 being bottoming targets
Note
And thats a wrap!
Saw a bit of a pullback but price recovered nicely
As we said things are progressing nicely
M O A S S
Note
Morning!
Casino will be open soon
if we can can get some decent volume then we should have a pretty good day
Chart above works for now
M O A S S
Note
And thats a wrap!
Pretty uneventful day
Price consolidated and overall held support
Still looking higher!
M O A S S
Note
Afternoon!
Sorry just now able to update and it looks like price is still holding levels
Would anticipate now that the market has the opportunity to digest this latest round of economic data we can get moving
Expecting a strong Friday but lets see how we end today
Note
And thats a wrap!
Another decent day!
We ended green and support held
Thinking tomorrow we see the beginning of some serious upward movement
M O A S S
Note
Afternoon!
Finally able to post and it looks like we saw a little push up and it was sold off immediately and we are back to consolidating...
We just need some volume to come in at this point
Price is holding support and the structure overall is bullish so we continue to look UP
M O A S S
Note
And thats a wrap!
Green end to the day is always good
Saw the typical end of month/week selling but price held support and pushed higher end of day
All signs that next week should be explosive
M O A S S
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