BadCadaver

Intraday vs. YTD chart - predictive?

Long
NYSE:GME   GameStop Corporation
Interesting how the charts follow a very eerily similar pattern. Probably a good explanation for this in fractal /chaos theory, but I don't know enough to dig in. I marked critical points with purple lines. Will today's outcome predict the next few weeks? Constructive criticism appreciated.
Comment: note: I can't nail down what point in time today would correspond to, if any. My first guess would be 12:58. Next would be around 13:15. Time will tell!
Comment: Think I got lucky with this one, so far. I think today, 5/13, lined up with either 12:59 or 13:04. We'll see how the next few weeks pan out. Will most likely prove me wrong, but still, it's nice to have a dream....
Comment: I am still trying to figure out how to update charts.... Anyway, optimistically, today's downtrend matches the downtrend at ~13:11. This would mean that if this crazy hypothesis is true, it's all up from here. I guess we will find out tomorrow/Friday (5/21)
Comment: Well, as time goes on, I am thinking it less likely that the chart will continue to play out like the day chart did, but I don't think it's over quite yet. I do still have a touch of optimism, and this seems like it has the potential to be an eventful week for both GME and the market as a whole...
Comment: Well, my alignment was off, but I am honestly really surprised by how this is playing out. Maybe I shouldn't have been. I will be honest, at any given time, price patterns can correlate to multiple points in time - it's tough to know exactly which correlations will prove to be predictive. Got lucky here.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.