A few weeks ago we got a bearish engulfing on Gamestop that too back over two weeks worth of gains we also closed below significant bullish volume on the daily and now price seems to be stuck under the 0.786; I fully expect to see Gamestop make a significant down move from here especially as the initial hype for the new consoles die down.
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The chart above has the fib level adjusted to logscale here what it looks like in linear scale. We are below the 786 on the linear chart.
@RizeSenpai, well, you were smarter than Melvin lol
RizeSenpai
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@toobig4u, Lol yea, there's always another trade to take it'd be pretty dump to hold it above the level i shorted or longed at, if you're wrong you just gotta accept it and move on. Melvin was overleveraged and that was their biggest mistake.
@shakirbedway, Yes, imagine being able to make profit in stocks regardless of rather or not it's going up or down; simply based off Probability and Reward to Risk