Gamestop - Double Bottom (50% move!!)After the news of GME launching a wallet, we have seen a major move up. After finding a low around our key $78 level, support came in strong. This has created a potential double bottom that could send us all the way back to our red trendline! We can see this red trend line is very key as we have found many of our rallies stall out at that level.
GS2C trade ideas
BEHOLD!!! GAINS FOR APES!!Hello everyone, I go by the name of Trexarch, or Chem..
Today I am here to display my newly drafted chart analysis for my all time favorite stock.
The analysis;
UP
That is all. Thank you.
Please check out all of my other posts related to GME to understand my full thesis.
Let’s wreck some teachers pensions, am I right boys? ;)
DRS DRS DRS DRS DRS DRS
GME Model thru EarningsWhat is IMPORTANT is the confluence taking place at the ORANGE CIRCLE.
1. Large purple triangle is the ABCDE Triangle begun at the VERY START.
05/11 saw the final move of E-leg hit and rebound (05/12 Green).
2. Small, inside purple triangle is the ABCDE Triangle that is the E-leg of the larger TF triangle. Watch for the retest by Friday with an expected bounce away. Probs to $125 going into earnings.
3. Pitchfork Median Line identifies the upward sloping support.
4. Previous C-leg low (ORANGE Dashed line) was $77.58. E-leg only reached to $77.77 ... so far. There is still room to expand below C-leg to avoid truncated formation.
My modeling SUGGESTS a price peak ~$110. History suggest a SHORT ATTACK for earnings, I expect price to at least hit 66-ish (if not 46-ish). I DO NOT see price falling below the initial retracement set at $38.50.
From that point, on they've exhausted their long-term manipulation plays.
$GME ♡ GAMESTOP CORPORATION ♡ +93.08%My trading plan consists of collecting 5 confirmations MINIMUM on one singular timeframe, across 4 different timeframes (20 total minimum) before I even propose a trading idea to my community.
♡
Disclaimer: Though I take banger trades, you MUST understand the following DISCLAIMER: I am NOT your financial advisor, a financial advisor, NOR do I give financial advice. If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks, financial resources, and trading system you utilize. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. This material is my market perspective and intended solely for educational & entertainment purposes.
GME - Longs - Its just a small war Two long trades
Plan
Its one positon. Where 80% will be closed at the first target and 20% on the second target.
Scenario (Green arrows)
Target
Next resistance level (level 1).
Requirments
- Close above level 2
- Close above 50% Fib level
- Break of the generated swing (generated swing 1) after break of level 2
Invalidation / SL
- Fall under level 2 AND loss of monthly open
Time duration
Days, weeks, months, years... ;)
Good luck
mOOn time for GME?!Assumptions:
1- Wave 5 of Green Wave 3 Failed (Truncated)
2- Wave 4 Green is a Triangle
Target: 1,270 / 9th Feb 2022
Invalidation of Triangle: 116.90
Time Analysis:
1- Wave E of the Triangle = 2.382 Green Wave 2
2- Wave E of the Triangle = Green Wave 3
Summary: Time analysis supports the end of Green Wave 4 and hence, Bullish.
Possible Bearish Scenarios:
1- Wave A up instead of of Green Wave 3 top, B Triangle and now C Wave up to 400 and from there go down to 60
2- Wave 4 in progress and heading down to 60 and from there to 1.2k
To sum up, I personally do not see them happening and I am giving the bullish scenario the highest possibility.
GOODLUCK!
GME: More bleeding expected!!GameStop
Short Term - We look to Sell at 91.90 (stop at 108.16)
The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies.
Our profit targets will be 57.10 and 40.00
Resistance: 92.00 / 94.00 / 96.00
Support: 81.00 / 79.00 / 77.00
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Gamestop...Gone,stop.Just take your profits and come back another time...you hodlers aren't holding price where its at. If its going to move, it will with or without your positions.
Liquidity can always be engineered to create a short term short to your long...or create a short term long on a long term short. Know what I mean?
For some reason, common sense isn't a selectable category for the chart idea of, "take profit."
How to trade 101Here's a classic example of how to trade support and resistance levels. The first thing you want to do before you trade is to make sure you don't understand market structure. Whatever you do, do not plan out momentum trades with a trailing stop loss %. Leverage the family farm at all costs and sell the shoes off your feet if you must. Remember the market only goes up, so technically you're not risking anything. If you get FOMO buy at resistance and then if you get scared sell at support.
Okay now that you're ready to trade forget everything I said and do the opposite. lol. Happy April Fools!
BTW, much love to the apes. I give y'all so much credit if you invested in GME before 2021 or bought at the correct support levels since. Because if you did, GME has truly been a great investment for you the past 2 years. And the short sellers deserved to get creamed for taking advantage of regular folk. But in all seriousness be careful out there people, either way, bull or bear, there's plenty of risk & reward to go around.
Spring has sprungThe first week of Spring has sprung GME, TSLA and BABA into momentum. Here's a 3 split layout 15-minute ext charts:
GME
TSLA
BABA
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com