Ascending Triangle on the Daily for GME!
Alright folks, brace yourselves for another electrifying update on the saga of GME! Since our last rendezvous, we've witnessed the impressive cup and handle pattern and the striking inverse head and shoulders breakout. But that was just the beginning. After our latest dip, in tune with the broader market's downturn, we've now sculpted an absolute monster of an Ascending Triangle on the daily chart, also visible even on the 4-hour.
Using the trend-based Fibonacci extension, the golden pocket awaits us at $37.09, with the next pocket above that at $52.58. Adding to the excitement, we've got the Bull Flag breaking out on the weekly chart and the golden cross appearing on both the weekly and daily charts. Not to forget the substantial cup and handle formation on the hourly chart.
Hourly Chart : Cup and Handle: This pattern is setting the stage for potential bullish movement.
4-Hour Chart: Ascending Triangle: Reinforces the pattern seen on the daily chart, confirming the bullish setup.
Daily Chart: Ascending Triangle: Visible on both the daily and 4-hour charts, suggesting an imminent breakout.
Weekly: Golden Cross: This crossover indicates long-term bullish momentum.
Bull Flag: This continuation pattern indicates that the existing uptrend is likely to continue.
All signs point to an explosive few months ahead for GME, with multiple breakouts on the horizon. Stay tuned, because the next chapter of this epic journey is about to unfold
Using the trend-based Fibonacci extension, the golden pocket awaits us at $37.09, with the next pocket above that at $52.58. Adding to the excitement, we've got the Bull Flag breaking out on the weekly chart and the golden cross appearing on both the weekly and daily charts. Not to forget the substantial cup and handle formation on the hourly chart.
Hourly Chart : Cup and Handle: This pattern is setting the stage for potential bullish movement.
4-Hour Chart: Ascending Triangle: Reinforces the pattern seen on the daily chart, confirming the bullish setup.
Daily Chart: Ascending Triangle: Visible on both the daily and 4-hour charts, suggesting an imminent breakout.
Weekly: Golden Cross: This crossover indicates long-term bullish momentum.
Bull Flag: This continuation pattern indicates that the existing uptrend is likely to continue.
All signs point to an explosive few months ahead for GME, with multiple breakouts on the horizon. Stay tuned, because the next chapter of this epic journey is about to unfold
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