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CuzDelux
Feb 20, 2024 3:23 AM

Looking for sustained downward pressure Short

GameStop CorporationNYSE

Description

Solely based on pattern, and my assumption we are in a wave 2, before the big push, higher, I look for GME to get pounded, down into the single digits, targeting sub 10 before either taking off, or further subdividing in Ending Diagonal Fashion, before eventually reaching 6-7 bucks, in May.

Comment

That is a start. LOOKS like it wants to go up...but unless it does, that is a minuscule 2, having breached the wave 4 of one lesser degree. On top of that, prior to rebounding, it breached 2 months worth of lows to get there. Headed to single digits.

As an aside, I heard early on in the "sage" that 25 would need to trade again before going higher. 25 is now 6.25 after the 4 way split.

Comment

I think we just saw an old fashioned expanding triangle ((B)) wave play out, and now we are back on track. Expecting the (5) to hit.
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