GME UpdateI provided a previous theory that was invalidated. Taking another run. Following previously established harmonic and psychological patterns.
GS2C trade ideas
GME - Average Stock Price Guess for this weakPrice Target:
11/26 = 30.76-31.17
11/27 = 32.40 - 33.75 or alternative 2 (relax) = 29.90-30.80
11/28 = holiday
11/29 = squeeze past 33 or even to 36
Volume is increasing as we get higher which isa great sign, we had huge volume on the break of 30 giving us more bullish signals. In addition, the selling has been relatively low volume. Call premiums are skewed bullish, so I imagine that we will see consolidation and either a gap up or huge influx of volume.
Given this special weak, we could see the surge tomorrow, or we could see consolidation tomorrow, then a ssurge thursday and then flat trading on friday.
GME 1h Bull Flag and Indicators Strong BuyJust a small update on GME. My indicator built on Ichimoku flagged a strong buy (SB) and super strong buy (SSB) on the 1h timeframe yesterday morning, indicating bullish momentum. Yesterday's price action was in my opinion due to the hard resistance at $29.83 and kind of expected.
On top of my Ichimoku Trend indicator daily lagging EMA indicators show pretty strong support at around $27.80 and a (pretty clean) bull flag has shown itself yesterday on the 1h timeframe as well, bottoming at around $27.50/60.
I'd expect GME to potentially test the lows of this bull flag, but price action should be positive today/monday and test again the very hard resistance at $29.83.
GME finally !!!!!So far, GameStop has actually been performing pretty decently over the last month. It has been consolidating in symmetrical triangle since it’s been back to this $22-$26 range. It finally broke out of that consolidation and broke above the 26.40 resistance.
After months of consolidation, it looks to me like we created an inverse head and shoulders pattern and have broken above the neck line and we’re currently confirming the neck line as support.
If we look at the retracement fibs from the recent bottom of this consolidation to the old all-time high, this will give us clear levels that will potentially act as resistance for GME on the way back up. The first resistance we can see will be the 34 Dollar area.
The measured move The inverse head and shoulders pattern, which is measured by the size of the head, gives us an overall target of43.25. I am positioning myself as of today Into GameStop, looking to target that 4325 area. As long as we remain above the neckline of the inverse head and shoulders, and we do not start closing daily candles below and opening candles below that neck line this trade will continue to be valid. Good luck everyone this is just what I am doing, join if you’d like but at your own risk!!
MOASS: WC: 27.90 Target: 1800-2400 MOASS: 47k-100KTLDR:
-Detailed explanation of how we setup our charts (Fib Extensions, VWAP, VPOC)
-Technical explanation of where we see price headed in the immediate future and why
-LET'S MAKE SOME MONEY
Gamestop $GME monster breakout incoming?!?!?Gamestop NYSE:GME is attempting to break out! $45-65 area incoming?? Stay tuned!
Will GME's Bull Flags Signal an Explosive Breakout or a Support GME has recently exhibited a series of similar-looking bull flags, signaling potential bullish momentum. Additionally, the price has consistently respected a longstanding support line, reinforcing its significance. The critical question now is whether this pattern will persist, potentially leading to an exponential price breakout, or if the price will break below the support, indicating a shift in trend.
Is it GME time?GME has been trying to break above 28 for about a week now, clearly a strong resistance.
If we manage to close the hourly candle above 28.50 / 29 We might see an explosive move to the upside and 30 can come quick
Where's GameStop Headed? Is there a future?Will the future revolution be tokenized? Is this a dying retail company headed for certain doom?
Seems Ryan Cohen has managed to turn around this company and the launch of GameStop NFT Marketplace trademarked under: "GMerica" The company is also now debt free and C is finding ways to take care of employees as well as bring value to GME
How does the market feel about NFT?
NFT - "Non-Fungible Token" which are unique digital identifier that cannot be copied, substituted or subdivided. Everything is recorded on blockchain used to certify ownership and authenticity.
- Transferable proof of ownership.
Potential Applications:
- Art
-Games
-Music
-Apps
-Movies
-Books
-Tickets
-Stocks - Potential to fix problems with Wallstreet. Can future trading be done on blockchain?
-Authentication
-Counterfeit protection
-Asset titles
- Loans/Mortgages
- 100% verified ballot voting
Let's take a look at the Elliott Wave Analysis:
Have you DRS'd?
Main Focus List Review 11-20-24 Going over our Main focus list looking for entries/setups/A+ entries. added SQ RDDT DASH to our Main Focus List ANd GME as we should always watch it. BTC names are on fire been reducing risk however. want to buy on all pullbacks
Are you ready for a short squeeze???We have a HS bottom pattern on the daily
we are above the 200 ema and we have a golden cross (100 and 50 crosses above the 200 indicating a trend)
RSI is on overbought indicating the momentum increasing.
after the consolidation of shorts its time to squeeze them.
The .618 fibs can help calculating the targets along with the conventional calculation of the pattern
With the minimum target of 0.786
beware trading patterns with scammy stocks such as GME
not a financial advice!
Updated Ascending Triangle!I wanted to update everyone following the TA on GME. It looks like yesterday's sideways movement has widened the Ascending Triangle on the 1-hour chart, which was expected due to the Cup & Handle formation on the daily chart. This sideways movement has now set up the handle on the daily chart and makes for a much larger breakout than anticipated.
Here's the latest development: Along with the widening of the hourly Ascending Triangle, the 4-hour pennant breakout has now formed a second small pennant, which also makes up the handle for the Cup on the daily chart. Additionally, GME is still in the middle of a Bull Flag breakout on the Weekly chart, on top of a Golden Cross!
Here's the current breakdown:
1-hour chart: Ascending Triangle
4-hour chart: (New)Bull Pennant
Daily chart: Cup & Handle
Weekly chart: Bull Flag + Golden Cross
I've never seen a setup quite like this before. The breakout across all timeframes is going to be something special for sure. I'm just counting down the days until these patterns breakout across all timeframes.
For those following this for the first time, here's some exciting historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021, and GME saw a 12,000% move in just 183 trading days.
Don't blink—we are right around the corner from history in the making! ✌️
GameStop Primed for Explosive GrowthAfter a recent correction, GameStop has shown a classic WXY corrective pattern. The stock hit a top near $28 before retracing to $25 (W wave), climbed to $28.50 (X wave), and then declined to $25.85 (Y wave). From this bottom, we foresee a strong bullish trend resuming, potentially driving GameStop’s stock to new highs. This setup aligns with a larger upward momentum, presenting an exciting opportunity for investors.
Not Financial Advice, but im following it :)Gonna be a beautiful display, Target 203-216 region in upcoming week, potentially before year end, white dotted line was Positon Entry point on the flag breakout/Re-test. Be Patient, make money x
MOASS: WC: 26.59 Target: 1800-2400 MOASS: 47k-100KTLDR:
-Technical Analysis works
-Trading on hoping and holding will most likely cause you to lose a lot of money
-Reddit/Social Media and the whole "TA doesnt work on GME" is a problem for the GME community and most of the of people who think like that are not going to make near what they could if they actually understood TA
-Nothing special about the 28 level other than it coincides with the VWAP off the April runup
-MOASS has been ongoing since 2020 and never stopped
-WE CARE AND WANT YOU TO BE SUCCESSFUL
-THE GME STORY AND COMMUNITY IS SPECIAL
Textbook Ascending Triangle on the 1 hour!🚀 GME Market Update 🚀
We are excited to announce that GME has now formed a textbook Ascending Triangle on the 1-hour timeframe. We are officially locked and loaded. From the 15-minute chart up to the weekly chart, this setup is exceptionally rare. The anticipated breakout across all timeframes promises to be something remarkable.
Here's a detailed breakdown:
15-minute chart: Ascending Triangle
1-hour chart: Ascending Triangle
4-hour chart: Bull Pennant
Daily chart: Cup & Handle
Weekly chart: Golden Cross
Such a comprehensive alignment of bullish patterns is extraordinary. Prepare for a significant movement in GME.
GME LAST THEORY PT 2Fractal repeats, lower this time
this is just a brainstorming idea take this with a grain of salt
15 min Pennant has now transitioned into an Ascending Triangle! Hey everyone! Just wanted to give you an exciting update for those tracking the Bull Pennant on the 15-minute chart. As of today, it looks like the Pennant has transitioned into an absolute textbook Ascending Triangle!
Here's the breakdown of what we have across all timeframes as of today,
15-minute chart: Ascending Triangle, 4-hour chart: Bull Pennant, Daily chart: Cup & Handle, Weekly chart: Golden Cross
Bullish patterns are lighting up across all timeframes, perfectly aligning with the recent surge in institutional buying. Given all this, I've never been more bullish on GME than I am right now. We are on the brink of making history!
11/14 - GME Hello traders,
GME is signaling strong upward potential on the chart. It just broke out of a long-term wedge and is showing a similar pattern to the one seen before its major rally in May. Will history repeat itself?
Good luck everyone, may trend be with you.
