Seems we start with a very big bull candle after days off selling pressure.
Depending if the bulls can overtake the next resistances and build up support zones we could see higher process, maybe even extreme high prices when the gap is filled.
This won't be considered a short squeeze since most short positions are already covered - this is the effect...
Adjustment of the previous idea: Price went lower to the 50 cent region -» trendline had to be adjusted and Wave 4 was longer then expected.
However the support area of 50cents to 45 cents has been respected as for the moment.
Seems Wave 4 is ending - I've added the sub wave (grey) and sub Wave 3 seems to have finished but could extend a bit lower.
The overall trendline is maintained and we could retest the 50 cent zone before moving up and finishing Wave 5.
Seems all 3 Waves have been formed and Wave 4 is in creation.
Wave 4 tends to be more ranging and could extend a bit further to the support line - after that we might see 70 and 80 cents soon!
My week of holidays is over and thus I'm going back to work - will still post analyse as much as I can :)
This idea is a follow-up on the previous one "GME GAME OVER" where we discussed the potential bubble structure phase "return to the normal".
If that phase is in development via upcoming bullish engulfing patterns, we might try to close the previous bear gaps and thus rallying to the...
NYSE:GME Most probably Game Over for this run:
- bulls are failing to keep and hold key resistances.
- Previous bearish gaps couldn't be overtaken and we see bearish engulfing pattern after bearish engulfing pattern appearing.
AMC shows the exact same structure.
On the 15min we opened 2 demo trades on our live stream and today at 2.20pm we will review them.
Here you can find a blend of multiple NYSE:GME short analysis of the current price action.
Potential trade set up on NAKED.
Thank you and let me know if you want to see something specifically!
TSXV:QYOU Hi everyone,
In this stock pick analysis we will review QYOU & ARKK price action perspectives.
As a bonus I will also show my trade on NIO because it look similar to QYOU's price action.
Let me know if you have any questions around this and feel free to ask other assets you want me to review!
First of all sorry for the livestream on YouTube - I had tech issues but everything is solved for tomorrow!
I'm creating the videos now containing the subjects that I wanted to discuss.
Here you can find the GME Price Predictions - feel free to ask my anything for the tomorrow's live stream!
If you don't believe me check this:
On 26/01 he had 800 options still holding but on 27/01 he has 500.
He sold 300 options on the highest point making him and additional 9million.
His previous trades before that made him 4 million but this trade above is the worst.
Since he and WBS were telling others to HOLD - why did he then sell?
He is now owning...
After a bunch of GME analyses time for something else, I will keep an eye on GME and post when something new appears.
XRP is my major holding but I will provide an as fair as possible and unbiased analysis for this coin.
I didn't like the pump telegram group action around it however after the pump and the expected dump we can see the following:
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...
Still a bit too early but the MACD cross over happened as what happened with VW squeeze.
The darker blue line indicates the potential 200 EMA that still has to form on the GME chart.
As we can see on the VW chart: price touched the 200 EMA consolidated before breaking the EMA and then consolidating further. Price dropped from the previous candle...
As some of you spotted out very well. the previous analysis/comparison didn't use the same timeframes - sorry for that, wasn't intentional.
In this case we compared the 2 short squeezes on the same timeframe - Daily time frame.
Why? Because bigger time frames don't have the same date. -» GME is quite "fresh/new" versus Volkswagen so we have to use...
It's all in the charts.
Who knows for sure?? -» no one does.
So it's up to us as traders to do our own research, check the potential scenarios and more importantly the potential risks.
Not a financial advisor - but here's some life advise: only risk what you can afford to lose. (because losing is still a possibility)
And thanks for the new followers!!!