GTA 6 Release Delay AnnouncementTake-Two Interactive (TWO) After GTA 6 Release Delay Announcement
Following the news about the GTA 6 release delay, the market reacted sharply. On the weekly chart (W1), we see a strong bearish candle that pulled the price down from recent highs around $270–$280 toward a key support zone defined by Fibonacci retracement levels.
Key Observations:
The decline paused near the 0.618 Fibonacci level ($234), which is a classic area for potential trend continuation in a bullish market.
Additional support levels are located at 0.786 ($223) and the full retracement at $213, historically zones where buyers tend to step in.
The primary trend on W1 remains bullish — this move looks like a correction within a larger upward impulse.
Base Scenario:
On the daily timeframe (D1), I expect a rebound from current levels, with the first target around $250–$260, where local resistance lies.
In the medium term, I anticipate a continuation of the uptrend and a push toward new highs above $280, provided the price holds above the 0.618–0.786 Fibonacci zone.
Risk:
A breakdown below $213 would invalidate the bullish scenario and open the door for a deeper correction.
