GME's strong downron from 160 indicates that upronner sentiment is wavering. This chart estimates potential highs for the next period of upward pressure using a fib retracement. As in the 2 hour chart the white energy looks to be closing before the Red RSI in the 4 hour falls below fifty, it seems that upward pressure will continue for a bit, but if it fails to...
I just haven't seen this idea anywhere posted. So I thought I would share it.
Based on the data collected by my server. The 'accumulator' which measures the cumulative buys - sells. Its much more accurate than accu/dist indicator since it is derived from each trade whether it is a buy or sell, and not the closing candle. Decelerating amount of accumulation seen on the daily chart Rally being sold into, starting from 13th December: ...