Last weeks post, Gamestop Decoded, laid bare everything that I'm fully confident on related to the timing of settlement cycles and The Cats plays
To summarize, GME moves on a 20 week settlement cycle that in its current iteration kicked off the week of Nov 27, 2023
The Cat seems to be amplifying price improvement thru strategic options/ share buying during Low IV periods within the settlement periods
I'll talk about some other interesting aspects of this in my next video on, 05/17
Whats Next?
As explained in the Gamestop Decoded video, from the WEEK (not day) of 05/12 thru the WEEK of 06/02 I anticipate volume to pick up significantly due to The Cat starting to receive his ORIGINALS which are WHATS IN THE BOX
That will lead to the WEEK of 06/09 which equates to the EXPLOSION EMOJI in the EMOJI Timeline
P.S. I will be GOING LIVE on my YT channel on 06/09 if you care to hear me ramble about whatever price action we see lol
GOOD TRADING TO YOU ALL!!!
To summarize, GME moves on a 20 week settlement cycle that in its current iteration kicked off the week of Nov 27, 2023
The Cat seems to be amplifying price improvement thru strategic options/ share buying during Low IV periods within the settlement periods
I'll talk about some other interesting aspects of this in my next video on, 05/17
Whats Next?
As explained in the Gamestop Decoded video, from the WEEK (not day) of 05/12 thru the WEEK of 06/02 I anticipate volume to pick up significantly due to The Cat starting to receive his ORIGINALS which are WHATS IN THE BOX
That will lead to the WEEK of 06/09 which equates to the EXPLOSION EMOJI in the EMOJI Timeline
P.S. I will be GOING LIVE on my YT channel on 06/09 if you care to hear me ramble about whatever price action we see lol
GOOD TRADING TO YOU ALL!!!
Trade active
Trade closed: target reached
Morning!Casino will be open later
All eyes on this supposed trade deal with China
Lets see how the market reacts
As far as GME...im laser focused on two things: Fibs and Volume
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Ok getting that pullback that I was generally looking for..lets see what we get from hereNote
Ok this pullback allows us to tweak things a bitLooking a bit higher on this next push up after we bottom
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Tick TockNote
And thats a wrap!Two words:
Tick Tock
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Morning!Casino will be open later
Watching the VIX today but at this point the Fibs & Volume are all that matters to me
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As expected so farNote
Think we are going to get another push higher before we get a deeper reatracement..lets seeNote
Still think we see another marginal push higher before we get a deeper retracementFYI- the reason the end of the line now goes off the screen is because after that deeper retracement next target should be 34ish
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Possible contracting triangle at the top of this patternBreak below 28.21 would invalidate
Lets see how this plays out
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Zooming in a bitTriangle still holding
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And thats a wrap!Tick tock people
Tick Tock
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That move above 28.85 should remove all doubt about whats comingNote
First Stop on the MOASS RocketNote
Once reach the first stop we will most likely retrace down to the green area before we explode againNote
Morning!Casino will be open later
If this triangle pattern holds we should nice a move higher then a retracement
Lets see how it plays out
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Next area I expect to see noticeable resistanceNote
Going as expectedNext stop is 30 after this retracement completes
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More specificallyNote
***Sorry for the repost***And thats a wrap!
Green day overall and saw another uptick in volume
30 is next before we see another pullback
After that retracement from 30 we should be heading towards 35 and then 40
Tick Tock
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Morning!Casino will be open later
Zooming out a bit to show how nice things are looking
Lets see what kind of volume we get today
TICK TOCK
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Actually i need to tweak this...by the book this pointing a bit higherNote
Ok looking up from hereNote
This deeper push means the retracement from 30 will likely be deeper as wellNote
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Looking good!Lets see how we end
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And thats a wrap!30 here we come
Will be interesting to see how price reacts as we get near
TICK TOCK
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Indicators support this potential move higherNote
Morning!Ok the more I analyze the latest price action the more I realize that we need to be looking UP
This thing is setting up to MOVE
Tick freaking Tock people
WATCH THE FIBS
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Headed to 30 after this consolidation/retracement is doneNote
Ok should be time to head higherLets see
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TONS of accumulation happening around the 28.60 levelWe should breakout strongly once this moves
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Ok that triangle was invalidatedLets see what we get from here
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Ok we are basically sitting on the VWAP supportLets see if it holds
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And thats a wrap!Lots of consolidation and accumulation
Price tried to break out several times but Options MMs did a good job of keep things contained...for now
Tick Tock
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.