The goal of this article is to explain the Wallstreet Bets methods. I believe all the market participants should be aware of their effects on the market and how they could derail any asset from a normal movement. Let's look at some of their manipulations first:
At this point, you must be able to see the similarities between charts and also group them into 2 different categories! Cluster 1: Small caps Cluster 2: Big caps
In cluster 1: they usually target 100% or above In cluster 2: The bigger the market cap of that company the smaller the wave they could push.
The big question is Are they predictable? I believe their movement especially on the Topside could be predicted with acceptable accuracy if you know how to monitor their money injection. Let's review some of my published analysis about their plays: August 17, 2021, one day before manipulation ends:
1-The Wall Street Bets phenomenon could be a very smart Algorithmic Trading Platform that creates bullish and bearish rallies by smart money injection or withdrawal, and it is not a group of "Apes".
2- Their target prices could be predictable using Option trades data
3- Their pattern of behavior is not Pump and Dump, but it is "Dump-Pump-Dump"
4- Most of their plays were in the ARK Invest's ETFs weeks or months ago.
I do not want to make this post very long, so I encourage my followers to read this article and looking at the charts carefully. I will share my findings of WSB in future posts.
Moshkelgosha
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Wall Street Bets Top signature:
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AMC example :
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please read my new post: A Non-Random Pattern
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please check this as well: They Always Dump it before they pump it..!
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WSB also use the Squeezing technique before Quadruple Witching: SKLZ is a clear example..!
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