GameStop Corporation
Long
Updated

GME – Love It or Leave It (Multi-TF Confluence & Coiling)

387
Multi-TF Compression Into Decision Zone

Daily TF
Price is sitting on a clear confluence cluster:

Support from multiple AVWAPs
Dynamic support from the lower Bollinger Band
0.5 Fibonacci retracement
Retest of the former double bottom neckline

Momentum context:
RSI just bounced off the midline and is breaking out of a wedge structure - constructive shift if continuation follows.

4H TF
MACD is curling up with a potential bullish cross forming.
Not confirmed yet — but momentum is attempting to transition.

1H TF
Megaphone structure in play.
If this resolves upward, measured move projects toward the 26 area.

Confluence underneath, momentum improving, and the 1H is coiled. Expect expansion — 26 is the level to watch if it goes.

Trade active
4H TF - MACD bullish cross confirmed:
snapshot

1H TF - IHS (targets 25.3) joining the Mergaphone (targets 26)
snapshot

Daily TF - Back above the MA200
snapshot


Note
The AVWAP anchored from the last low and the DB neckline are still doing their job as support.

Now add in that weekly bullish engulfing candle, and this still looks constructive to me.

As long as that zone holds, I think upside remains on the table.

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