Teamwork
It's Time. It's time for a correction before the real correction and GME will prepare for it. Not only will hedge funds get the full package flash crash but it will also include short sell margin call. Bullish on GME but need one more retest on the SMA which may happen within 7 daily candles. Notice how every bounce off SMA it proceeds to penetrate every barrier of resistance in the following week or next. $AMC (Ahyaya My Calls) failed to hold fort at $50, I wouldn't feel safe with GME camping a tent at $200. Target mid 180 zone into 160 and a quick bounce off previous low. S-Tier triangle breakout formed this way. Target $300+ but first stop $150.
Tldr; Weakening momentum at $200 level = flush
Current positions: GME 185p entered 9/14 EOD
Patience: Free money? RALLY NORTH USDCAD? Take A lookI would look to continue rally north. Unless we can have a clear short south.
Aggressive "turbulence" around $1.35. Multiple retest and shorts, However in this scenario. I like our odds on a rise.
Personally, I feel price has to have a reason fundamentally and technically to drop and retest 1.32-1.30 again.
Also I like the rejections off of the trend line.
Do you're homework guys. Much love happy trading =)
Profit Blue Tip:
Sometimes you have to Zoom out to see bigger opportunities
Patience. Look for price to bounce off $1.35 & retest before going north.
IG:WallstreetJon
Stay in touch,
BlueNoteFx
Study3Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and stay flat until some side is hard broken. Only after that we can anticipate given direction to be reached. This chart shows absolute levels. Trade what you see. Resistance above , no longs , support below , no shorts , WAIT , Best decision right now.