This is a follow-up on my previous harmonic / character / wedge posts ON GME – and so far the roadmap is getting more and more exciting!
What happened in the meanwhile:
The character loop did it again: that rounding top I highlighted in the demand zone actually formed, held, and price has been grinding higher from there. Still a quiet rhythm, but very constructive and, in my view, promising.
The big Bearish Crab + nested Bearish Bat on the higher timeframes are still in play. The 0.618 fib retrace inside major monthly support has held and the spring from the accumulation zone looks like it’s playing out instead of breaking down.
The falling wedge broke to the upside, exactly as mapped. That breakout pushes my first larger technical target toward the 38 USD zone, which lines up nicely with the VWAP from the 2021 high.
On the momentum side, ADX is sloping up on the weekly, with +DI curling higher and –DI pushing down – that’s the kind of backdrop I want to see behind a breakout, not just random noise.
Levels & roadmap I’m watching next:
On the daily fib retrace from the last high-to-low, we’re battling the 0.382. If price can really claim that, the door opens to the 0.618 around ~28.5 USD.
Above that, the wedge target around 38 USD becomes the next big checkpoint.
Further out, the fib extensions from the A to C legs of both harmonics stack into interesting confluence zones around 56 USD, 180 USD and 235 USD – potential areas where this whole harmonic game could start to exhaust if it really goes full script.
For now, the story is simple for me: the spring held, the character loop showed up again, the wedge broke up, and momentum is starting to support the move. As long as those structures stay intact, I’m treating dips as part of the climb rather than the end of the idea.
Not financial advice – just sharing my fantasy
What happened in the meanwhile:
The character loop did it again: that rounding top I highlighted in the demand zone actually formed, held, and price has been grinding higher from there. Still a quiet rhythm, but very constructive and, in my view, promising.
The big Bearish Crab + nested Bearish Bat on the higher timeframes are still in play. The 0.618 fib retrace inside major monthly support has held and the spring from the accumulation zone looks like it’s playing out instead of breaking down.
The falling wedge broke to the upside, exactly as mapped. That breakout pushes my first larger technical target toward the 38 USD zone, which lines up nicely with the VWAP from the 2021 high.
On the momentum side, ADX is sloping up on the weekly, with +DI curling higher and –DI pushing down – that’s the kind of backdrop I want to see behind a breakout, not just random noise.
Levels & roadmap I’m watching next:
On the daily fib retrace from the last high-to-low, we’re battling the 0.382. If price can really claim that, the door opens to the 0.618 around ~28.5 USD.
Above that, the wedge target around 38 USD becomes the next big checkpoint.
Further out, the fib extensions from the A to C legs of both harmonics stack into interesting confluence zones around 56 USD, 180 USD and 235 USD – potential areas where this whole harmonic game could start to exhaust if it really goes full script.
For now, the story is simple for me: the spring held, the character loop showed up again, the wedge broke up, and momentum is starting to support the move. As long as those structures stay intact, I’m treating dips as part of the climb rather than the end of the idea.
Not financial advice – just sharing my fantasy
Trade active
Update: For Those Calling fear of BreakdownI’m seeing some panic-leaning takes around declining volume during this pullback.
Declining volume inside a retrace of a developing uptrend is not inherently bearish. In many cases, it reflects reduced supply.
The advance from sround 20.5 to 25-26 expanded in participation. The pullback into 23-24 is occurring on contraction. That is not the signature of sellers in control.
If supply was dominant, downside volume would be expanding and we would see decisive acceptance below the 200D. That has not occurred.
A high-volume close below 24 shifts short-term probabilities lower. Until then, higher lows above 21 remain intact.
On the higher timeframe, monthly RSI remains compressed within a descending wedge and is stabilizing near the 50 midline. That reflects momentum contraction. NOt downside momentum expansion.
Compression around a major level precedes expansion.
Direction will be determined by where participation expands, not by fear-based narratives.
Structure first. Volume second. Emotion last.
Trade closed: target reached
GME – Decision Zone Under MA200The double bottom around 20 remains valid and continues to define the structural base of the current advance. The impulse that followed established an upward structural shift.
Daily timeframe: Price has now retraced into a clear confluence zone:
• 0.382 Fibonacci retrace
• Daily MA200
• AVWAP from 31 Dec 2025
• VWAP from 20 Jan 2026
Price is currently compressing just below the MA200 and AVWAP cluster.
RSI shows a mild hidden bullish divergence, while momentum is hovering around the 50 midline. A directional decision is in progress.
If RSI holds/pushes above the midline and price reclaims and holds above MA200 + AVWAP, upside momentum is confirmed.
If not, the probability opens for a move toward 0.5 / 0.618, which would test the first higher low within the structure that originated from the double bottom.
For now, structure remains intact. Resolution pending.
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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.
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.