Nathanael
Short

Game over

NYSE:GME   GAMESTOP CORP NEW
421 9 6
Everyone downloads games anyway now...


This is just speculation based on my elliott wave count. We may have a tiny pop up to 42 area or so, but we still have a long C wave down after that so it doesn't really matter. Earnings are tomorrow which is interesting, my guess is they will disappoint.
FXHighway
2 years ago
Great analysis my friend, all respect, and allow me to show my point of view on the future overview:

What if we considered the right part of the chart as a correction for the left side ? that would be consolidation above 61.8% Fibonacci, plus an inverted head and shoulders' pattern that could revive the main bullish trend again, all we need is a clear breach above 39.50 to confirm activating the positive pattern and bring the life back to Gamers :D

here's my chart ...
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Nathanael FXHighway
2 years ago
it is a possibility, that is similar to what I thought at first glance. At first, I thought we already had the ABC correction (see chart below) but in retrospect, that looks like it corrected to fast, and now I believe that ABC correction below is just the A wave of a larger ABC that is currently playing out. Also, the wave that precedes the ABC correction below, has the characteristics of a B wave as opposed to an impulsive wave 1. We will see soon enough, thanks for sharing your chart.
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FXHighway Nathanael
2 years ago
Good point ,, thanks for your valuable explanation ,,

I guess now we should watch the key levels: 35.30 - 33.25 support areas , and 39.50 resistance .. These levels might decide the next destination ...
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Nathanael FXHighway
2 years ago
also, here is my count of what I assume is a B wave....it looks like a double zig zag ending in a triangle, and we look pretty close to finishing the triangle.
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Nathanael Nathanael
2 years ago
My good friend DanV thinks we have a little higher to go before starting the C wave down... this syncs up with my main published chart, and we hit next fib. I need to learn to be more patient
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sublimares2
2 years ago
How are you able to generate a 2Days chart?
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Nathanael sublimares2
2 years ago
used to have a PRO account
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sublimares2 Nathanael
2 years ago
I see- I was wondering about it since the 2- day chart is very useful.
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minbari PRO
2 years ago
working out very well so far
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