GME flashing an inverse cup and handle. Market split on whether price is going to shoot the moon after this last consolidation plays out. We see two cup and handles on this chart. The original one after the initial run up, with the most recent one showing an inverse cup and handle, typically a bearish signal. Look for price to break support around the 28th. $75-40 price target.
just want to be part of the worst call of 2021 š
AlphaRainmaker
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@testmuffin13, If you cant find the patsy......it's usually you.
Kascam
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What about the huge 3 month cup and handle that's pretty hard to ignore
AlphaRainmaker
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@Kascam, So you have a cup within a cup? Interesting. Could be, but I see a cup and handle followed by breakout, followed by price losing energy back to the original handle level, with an inverted cup forming. I just dont see the catalyst to drive this thing higher. All signs point to leaking energy. Gamma included.
puzzledSnow46873
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hard to tell looks kind of like well established support level
AlphaRainmaker
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@puzzledSnow46873, $150 is a well supported level for the time being. We'll see how hedges adjust after the options exp today.
BlockchainAvian
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Even though Iām long I still have to be careful.