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CryptoHedging
Feb 10, 2021 7:40 PM

GME Potential Dead Cat Bounce 

GameStop CorporationNYSE

Description

Hi everyone,

This idea is a follow-up on the previous one "GME GAME OVER" where we discussed the potential bubble structure phase "return to the normal".
If that phase is in development via upcoming bullish engulfing patterns, we might try to close the previous bear gaps and thus rallying to the upside.

google.com/search?q=bubble+stock+market&rlz=1C1CHBF_enBE740BE740&sxsrf=ALeKk00n_gITfcCGScNn5vMwDq72JKV6Ow:1612985799387&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiIiuasiODuAhVtVRUIHSx2An4Q_AUoAXoECBsQAw&biw=1920&bih=969

The moment the potential rally would lose any strength via a decrease in volume followed by bearish engulfing patters, or any type of bearish price action,.. we could go over in the "fear" and later on "capitulation" phase.


How High can this go?
I don't know but a retest of the 90-100 dollar zone with be more or less in line with the VW short squeeze.

Comment

Comments
Chartguru1
Agreed..no chance of closing that gap....unless new management can pull a rabbit out of their A$$! Kudos
CryptoHedging
@Chartguru1, hahah yeah!
TheSignalyst
nice chart and very clean ;) very possible on GAME!
CryptoHedging
@TheSignalyst, Thank you!!
Leocryptowizard
love that pattern
CryptoHedging
@Leocryptowizard, lolz! me too
Leocryptowizard
ForecastCity_World
Nice chart. 👍
CryptoHedging
@ForecastCity_World, thanks man!!
lorenzolopezz
so should i buy and sell in march?
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