GME
Most probably Game Over for this run: - bulls are failing to keep and hold key resistances.
- Previous bearish gaps couldn't be overtaken and we see bearish engulfing pattern after bearish engulfing pattern appearing.
AMC shows the exact same structure.
On the 15min we opened 2 demo trades on our live stream and today at 2.20pm we will review them.
Nothing more to be said about this stock but we can have 2 scenarios depending on the phase we are in:
https://www.google.com/search?q=bubble+stock&rlz=1C1GCEA_enPT805PT805&sxsrf=ALeKk00k6ugodCll_Pjl5pt55-TOz4C5ZA:1612954644888&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiZuJallN_uAhWZTBUIHQPRDJgQ_AUoAXoECBUQAw&biw=1920&bih=937#imgrc=Z5pXL2v0MzxpfM
- Return to normal phase: after a very long time of bearish pressure we could see a run up towards 90-100dollars zones or more.
- Fear phase: we keep continuing with the bearish trend and then go over in to the capitulation phase.
Let me know what you think in the comments!
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