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CryptoHedging
Feb 5, 2021 3:06 PM

GME - Potential ABC & Elliot Wave Continuation Short

GameStop CorporationNYSE

Description

Potential ABC after the Elliot completion is forming -» ABC correction still needs to be confirmed and potential price are to reach is the 138 dollar area.
The gap will need to closed if further upside movement has a chance to continue - if not than potential ABC wave will be validated.

According the Elliot wave theory - after an ABC corrective Wave we will see another continuation to the downside.

Price dictates the potential scenarios - in the end it's up to us to make an educational guess.

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