TLDR:
-RK Emoji timeline and latest tweets align with our consistent prediction that Jan would see explosive price movement
-Elliott Wave is our guide
-500 area is the next major target area on the way to 1800-2400
-Protect your investment at all costs!
-35-40 area is significant and after we reach it we will see a retracement to the 30ish area and then we should head to 75
-That move to 75 is your first clue that 100K is very possible
-RK Emoji timeline and latest tweets align with our consistent prediction that Jan would see explosive price movement
-Elliott Wave is our guide
-500 area is the next major target area on the way to 1800-2400
-Protect your investment at all costs!
-35-40 area is significant and after we reach it we will see a retracement to the 30ish area and then we should head to 75
-That move to 75 is your first clue that 100K is very possible
Trade active
Just so everyone has both charts FYI- changed the degree on the green count for accuracy
Trade closed: target reached
Zooming in a bitNote
More specificallyNote
Quick post of a chart put out there at the beginning of Oct..We are right at the level that we said we would see a "Boom"...
I think we are going to look back at this chart and realize how prophetic it really was
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Morning!Casino will be open later
As you can tell from the weekend update we expect continued upward movement over the near term
Still expecting this next move to complete between 35 and 40 and then we should see a retracement down to around 28-30
The next move we see after that should be a pretty explosive move up to the 70ish area
M O A S S
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Muted price action as expected but things wont be that way for longPretty clear leading diagonal that has developed on the micro level off the Fri lows
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And thats a wrap!Typical selling ahead of earnings
Nothings changed at all though
The diagonal structure broke down but again price is still firmly headed to the 35-40 area
Get ready!
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Take note of the lower support boxIf we break last Thursday's low then we would be looking for price to bottom somewhere around the lower support box
We would need to tweak the count in that instance but it would not change where we are headed..still 35-40
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Morning!Casino will be open later
Earnings day today!
Like we've been saying for the past week we think price action is going to be explosive coming out of earnings
Not sure how much movement we get today but things will definitely start to pick up as we head towards the end of the week and Mon
Get ready!
M O A S S
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Provided todays low holds this is what the price action should look like on a micro level as we move higherNote
Well that diagonal at the micro down so we are still fishing for a bottomVWAPS/VPOCs supporting price as usual
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And thats a wrap!Typical selling heading into earnings..SPX and the broader markets showing weakness definitely contributed
BUT as we see price just gravitated down to the Oct 23rd VWAP which makes sense as we are tracking the completion of that move from 10/23
Now lets see if last Thursdays low holds or if we head to lower support
Either way we are headed to 35-40
M O A S S
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Ok earnings is out and now that we are past that we can get movingAs we always say, we could care less about earnings and stuff like that because to us price is the only that matters
With that said if the Thursday low holds tomorrow then we will be headed to 35 quick fast and in a hurry
BTW- remember a couple weeks ago I pointed to the various vertical dotted red lines that you see on our charts? Might want to take note of the one you see here
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Ok we are cooking after hoursAssuming we are headed higher over the next few days the above resistance zones is where I expect to see some pull backs
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Morning!Exciting times ahead!
Assuming the12/05 low holds we should now be headed towards 35 with the called out resistance zones being regions where we expect to see some sort of pullback
M O A S S
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We are on our way!Note
And thats a wrap!We told you earnings would be explosive and you havent seen anything yet
Today was just a warm up
Adjusted the top resistance box as based on the price action we should GME reach 37 before get a more significant pullback
The pullback that comes AFTER 37 should bring almost a 100% move up to around 70ish
We will talk more about that though in the weekend update
M O A S S
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Morning!Casino will be open later
Nothing new to add other than now we are expecting waves of volume to start flowing in
We will talk about exactly when in the weekend update
M O A S S
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Ok now we should be able to head higherNote
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Patience young grasshopper...this overlap and consolidation is the equivalent of a rocket being fueledNote
Oh and I should mention that the broader market weakness we are seeing is definitely contributing to this overlap and consolidation Note
If we break todays low then to lower support we go but as usual it doesnt change the destinationNote
For those of you who love patternsPretty by-the-book inverse head and shoulders
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And thats a wrap!This was definitely an "accumulation" day as far as the price action is concerned
On the micro level there is tons of consolidation and overlap which is as we always say as sign to us that entities are positioning themselves behind the scenes
Don't believe me? Watch what happens to the upside tomorrow and the first part of next week
M O A S S
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Morning!Casino will be open shortly
Expecting price to possibly touch micro support and then head up to resistance overhead
I hope you all can feel it...we are around the corner from something spectacular
See those red dotted verticals lines on the chart above? The last chart posted yesterday..
Those lines are special...those lines are not like other lines :)
M O A S S
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Going to livestream for a bit on my youtube channel at market openJust going to talk a little bit about what i'm seeing with GME and the markets
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Good day so far!Price has generally respected support and now we are headed higher
SPX seems to have bottom as well for now so that should help
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Tweak based on this move lowerNote
Thinking we have one more low to go to finish this offNote
And thats a wrap!Somebody reaaaallllyyyy needed price to close at or below Max pain..hahaha
That push lower was sooooo freaking telegraphed smh
And yes that was essentially "banging the close" which is yes-illegal :)
But guess what? I talked to Santa and he told me that although the shorts have been reeealllyy naughty lately he still loves them and he is going to give them BIG bags of GME for Xmas (hint: those vertical dotted red lines are special)
M O A S S
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.