Nathanael
Short

Game over

NYSE:GME   GAMESTOP CORP
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.
working out very well so far
Reply
How are you able to generate a 2Days chart?
Reply
Nathanael sublimares2
used to have a PRO account
Reply
sublimares2 Nathanael
I see- I was wondering about it since the 2- day chart is very useful.
Reply
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 ...
snapshot
Reply
Nathanael FXHighway
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.
snapshot
Reply
FXHighway Nathanael
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 ...
Reply
Nathanael FXHighway
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.
snapshot
Reply
Nathanael Nathanael
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
snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out