MOASSTLDR: MOASS is about to kick into high gear and Elliott Wave has given us some solid targets from a price and time perspective
MOASS Target Price: $1800-$2400..with potential for us to see pockets of trades fill at even higher levels (remember if price overshoots a target we just look to the next fib)
Timeframe to complete: End of Jan 2025 (pay attention to the fibs on the time axis)
It is time
Our patience is about to be rewarded
Friday saw, what we think is the fuse lighting (hint hint) for what we will look back later and call: MOASS
We have been pounding the table saying that GME is bullish
Elliott Wave Theory has done a great job tracking general price movements
Again, if you are judging Elliott Wave Theorys efficacy by its exactness then you have the wrong expectation
As we have explained many times Elliott Wave gives you IDEALIZED targets but price can and will overshoot/undershoot those targets...and we expect that to happen
Which is why we say EVERY FIB that we show on the chart is important because when overshoots/undershoots happen we just look to the next Fib as our target...and we do this until the price structure changes and invalidates our count
Thats why we constantly talk about PRICE STRUCTURE
Ultimately, price structure, too us, means is the overall structure Bullish (impulsive) or Bearish (corrective)
So with that said this chart lays out exactly how high we think this gets and also how long it might take
Pay close attention to EVERY FIB on the PRICE and the TIME axis...we expect price to react significantly to every one
Oh for the last time...for those that think price could never reach the prices we project ( aka at those prices GME would be XXXXXXXXXXXX Market cap blah blah) we are NOT saying that price will be SUSTAINED at those levels...we are saying price will TEMPORARILY reach those levels..
Remember we are calling targets for a SHORT SQUEEZE here..not a FUNDAMENTAL price target
M O A S S
