MOASS: WC: 27.99 Target: 1800-2400 MOASS: 47k-100K

Updated
TLDR:

  • BOOM!!!
  • Volume Point of Control (VPOC) is critical to watch as well
  • VPOC tracks the major waves in the wave cycle and will sit between major waves
  • VPOC and where it sits in relation to price, like VWAP, helps us track the progression of waves
  • Next move will take us to the 35-40 region
  • Price will then retrace back to the 28 region which is where we will see an EXPLOSION IN PRICE
  • That move back to 28 will be your last time, maybe ever, to get GME at anything near these levels
  • The next move after the retracement to 28 takes us to 70
  • After 70 comes CHEERS EVERYBODY!!!



Trade active
Morning!

Casino will be open later

Our weekend update was pretty clear on what we think is next

Price should find a bottom over the next couple days and then we start our trek higher to 35-40

After that we should see a retracement back to the 28-29 area and then price should EXPLODE towards the 70 region

Get ready folks!

M O A S S

snapshot
Trade closed: target reached
Indicators in agreement

snapshot
Note
snapshot
Note
Going LIVE for a bit on my youtube channel.

Could be an interesting day, price structure wise
Note
Looks like GME has found a bottom

Lets see what type of pullback we get

snapshot
Note
Adjusted micro support and added VWAP/VPOC on this move up off the low

snapshot
Note
On our way!

snapshot
Note
Nice

snapshot
Note
Nice...landed right in the middle of the projected fib pair

snapshot
Note
And thats a wrap!

Two words: GET READY

We told you what was coming

Now watch what happens from here

M O A S S

snapshot

snapshot
Note
Morning!

Casino will be open later

I think we can all see whats happening

Now we wait

M O A S S

snapshot
Note
Off to a good start

snapshot
Note
Ok headed to 33 from here then 35-40

snapshot
Note
Session volume profile looking good

snapshot
Note
And thats a wrap!

Not a whole lot to say other than things we told you would happen are coming to pass

33 is next, then 35-40, then 27-29, then 70ish, then 50ish then 100ish

Those are the broad strokes..

M O A S S

snapshot
Note
These are the MAJOR consolidation zones to be mindful of as price squeezes

Price should extend from one zone to the next

The regions give you solid areas to think about buying/selling/taking profit/adjusting stops

not financial advice of course

snapshot
Note
Morning!

Casino will be open later

At this point just watching the price action play out

The next 2-4 weeks are going to be memorable :)

M O A S S

snapshot
Note
If we break below VWAP then we should head down to support...but the destination higher doesnt change

snapshot
Note
Take note of the nearby vertical dotted red lines

Over the next week you are about to find out why I keep saying they are special

:)

snapshot
Note
Nothing to see here folks..just some selling off in alignment with broader market weakness

VWAPS got our back :)

snapshot
Note
Clear as day diagonal structure

snapshot
Note
And thats a wrap!

Shout out to elliott wave helping us nail support as usual

If you watched our weekend update and last few live streams you would know that I clearly stated this is most likely a diagonal we are dealing with and to expect some overlap and large retracements

This is literally completely by the book as far as price structure is concerned and as is typical of GME was fueled by the broader market weakness

But with that said I want to whisper four words to you that when this is over you will remember for a long time:

Vertical Dotted Red Lines

You are about to find out why I say they are special :)

M O A S S

snapshot

snapshot



Note
snapshot
Note
Morning!

Casino will be open later

We are in a good spot for a run higher

Thinking the near term price action follows this path

M O A S S

snapshot
Note
Ok everything is looking good on a micro level

Vertical dotted red lines are going to continue to show why they are special

We should get moving again this afternoon and continue our trek higher

And best believe higher is where we are headed

snapshot

snapshot
Note
Assuming we dont push much lower this is the expected micro path to the first resistance area at 33 region

snapshot
Note
Ok tweaked things based on that small push lower..time to get moving

snapshot
Note
And thats a wrap!

Broad market weakness put a cap on our upward movement today

Hopefully though you took note of the volatility and the way price tried to extend this morning before the selloff

Like we said these vertical dotted red lines are special and without being longwinded as we said in the weekend update price structure will be markedly different on the other side of those red lines

Just wait...

M O A S S

snapshot
Note
Clear divergences on the indicators

snapshot



Note
snapshot
Note
snapshot
Note
This is the actual micro elliott wave count that i am tracking

snapshot
Note
For clarity

snapshot
Note
Morning!

Casino will be open later

As you can see we are tracking a typical-for-gme diagonal coming up off the Dec lows

VWAP ultimately will provide support so lets see how this price action completes over the next couple weeks

M O A S S

snapshot
Note
Tweak the count based on the small push lower

snapshot
Note
Progressing nicely

snapshot
Note
And thats a wrap!

All in all a very good week!

BTW- at the end of day today that was yet again a TEXTBOOK case of someone "banging the close" which is, you guessed it, ILLEGAL

With that said what they did was all for nothing as we are heading SIGNIFICANTLY higher starting NEXT WEEK

Notice the bullish volume that came in after the first vertical dotted red line?

Watch what happens after each one you see on our charts

M O A S S

snapshot
Note
snapshot
Note
snapshot
Chart PatternsheartbeattradingmoassTrend AnalysisWave Analysis

Related publications

Disclaimer