GME is in a compression point nearing the end of a MASSIVE Descending Triangle.
Looking like a breakout today, stock is running out of room to stay within triangle.
Apple currently coming out of a small bear flag.
Combination of short-term trend line combining and long-term support line hitting a possible strong resistance level of $113.8.
Downward trend hitting compression point with upper bound of bull flag (aka bull flag will pop in next 1-3 days.)
Bottom at 113.80 today with a bull flag breakout tomorrow seems likely.
Looking at a double bottom about to go up. If it goes through, it could also pass through a big descending wedge.
With SPY also currently breaking out of a channel and heading for a flag breakout itself (see last post) its a good sign DIS will do well today.
Repost. Zoomed out so it's easier to see the flag.
Indicators of breakout
1) Flag Pattern
2) Broke BB on downside w/ RSI confirming, coming back up.
3) Broke through first rib retracement level.
All signs point to a big jump in the morning. Lets see if its stays or we have a repeat of today. :#
