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
GME trade ideas
The Hardest Part About Trading Isn't The Charts-Its Your MindWhen I first started trading, I thought the key to success was all about the strategy. If I could just figure out the right indicators or master technical analysis, I’d be unstoppable.
But the truth hit me hard. I wasn’t losing because I didn’t understand the charts—I was losing because I didn’t understand myself.
Here’s how I learned that the biggest battle in trading isn’t with the market—it’s with your own mind.
Lesson 1: Stop Obsessing Over Results
I used to get way too caught up in the outcome of every single trade. A win would make me feel on top of the world, but a loss? That would send me into a spiral. I’d overanalyze, doubt myself, and sometimes even swear I was done trading altogether.
One day, I realized I was focusing on the wrong thing. Instead of asking, “Did I win or lose?” I started asking, “Did I follow my plan?”
That simple shift changed everything for me. I started measuring success by how consistent I was, not by whether every trade was a winner. The funny thing? Once I started doing that, the wins came more naturally.
Lesson 2: Losses Aren’t Failures
I’ll never forget the trade that wiped out 30% of my account. It was gut-wrenching. I felt like I’d failed—not just as a trader, but as a person.
It took me a long time to understand that losses are part of trading. Even the best traders take hits. What separates the pros from the rest is how they handle those losses.
Now, instead of beating myself up, I treat losses as a chance to learn. Did I miss something in my analysis? Did I break my rules? Sometimes, the market just didn’t cooperate, and that’s okay.
Lesson 3: Don’t Let Emotions Run the Show
I can’t tell you how many times I’ve let emotions wreck me. Chasing losses, revenge trading, doubling down on bad positions—I’ve done it all. And every single time, it made things worse.
The biggest game-changer for me was journaling my trades. Not just the technical stuff, but how I felt during the trade.
-Was I calm or anxious?
-Was I trading because it was a good setup or because I felt like I had to?
It was eye-opening to see how much my emotions were driving my decisions. Now, if I feel frustrated or off, I don’t even touch the charts. I’d rather miss a trade than make a bad one.
My Biggest Takeaway I Learned
Trading isn’t just about the market—it’s about you. The strategies, the charts, the setups—they’re important, but they’re not enough. You need to master your mind if you want to master the market.
I’m not perfect, and I still have tough days. But every step I’ve taken to manage my emotions, stay consistent, and focus on the process has brought me closer to where I want to be.
If you’re struggling with the mental side of trading, I get it. I’ve been there. Send me a DM or check my profile—I’m happy to share what worked for me and help however I can. You don’t have to do this alone.
Kris/Mindbloome Trading
Trade What You See
$GME Up Up UpAnalyst Projections:
CoinPriceForecast: Predicts GME reaching $45 by the end of 2025, suggesting a potential increase from its current price.
Longforecast.com: Estimates GME's price in June 2025 to range between $27.67 and $32.49, indicating modest growth.
ExlaResources.com: Projects GME starting at approximately $25 in January 2025 and potentially reaching between $36 and $60 by year's end.
Considerations:
Market Sentiment: GME's stock has experienced volatility, often influenced by social media and retail investor activity. For instance, a recent tweet by Keith Gill, known as "Roaring Kitty," led to a notable surge in GME's stock price.
Business Fundamentals: Analysts express concerns about GameStop's core business profitability. Wedbush analyst Michael Pachter notes the company lacks a viable strategy to leverage its cash reserves for new ventures, especially after unsuccessful attempts like the NFT business.
Conclusion:
While some forecasts suggest potential growth for GME by 2025, the company's future performance is uncertain due to market volatility and challenges in its core business operations. Investors should conduct thorough research and consider their risk tolerance before making investment decisions regarding GameStop.
GME heading to $47 after leaving the current corridor of $26-30For GME, there are currently several bullish indicators from a technical perspective. However, in my opinion, we can break it down a bit.
At the moment, we are in the corridor between $26 and $30 since 11/07/24. The $26 level now acts as a very strong support zone, while $29.80/$30 is historically one of the strongest resistance levels for GME. Whenever GME has broken through this zone with volume, it has experienced a sharp upward movement. Additionally, GME has not had a weekly close above $30 since August 2022. This zone is one of the most critical for the bears.
Once we leave the corridor between $26 and $30, we should relatively quickly reach the first target around $47. The higher resistance levels are $63, $80, and $120, with $80 likely being the strongest resistance after $30. Once $80 is breached, we enter 'unchartered territory,' and all-time highs come within reach.
Given the consolidation period so far, I anticipate a breakout towards $47 in the near future.
Leverage Your Way to Trading SuccessGood morning traders!
Today we're breaking down one of the most powerful yet misunderstood concepts in trading - leverage and margin. Think of this like the gym; leverage is your workout equipment, allowing you to lift more than you could with just your body weight. Margin, on the other hand, is like your gym membership fee; it's what you pay to access that equipment.
Understanding Leverage and Margin
-Leverage: In trading, leverage is about using a small amount of capital to control a much larger position. It's like using a barbell - it amplifies your strength, but if you're not careful, you can hurt yourself.
-Margin: This is the initial deposit required to borrow the "barbell." It's your skin in the game, ensuring you don't just run off with the equipment without working out.
The Power of Leverage
-Amplified Returns: Just like lifting weights can give you bigger muscles faster, leverage can significantly increase your returns if the market moves in your favor.
-Access to Bigger Plays: With leverage, you can dive into opportunities that would otherwise be out of your financial reach, like taking on a much heavier weight than you could lift solo.
The Risks You Must Navigate
-Magnified Losses: Here's where the gym analogy gets real - if you drop that heavy barbell, you're going to feel it. In trading, leverage can make small losses big ones if the market goes against you.
-Margin Calls: If your account balance dips below the required level, it's like the gym calling you to say, "Hey, you need more money for that membership!" You either add funds or have to stop using the equipment (close positions).
-The Temptation to Overdo It: Just like in the gym, where you might want to lift too much too soon, in trading, leverage can tempt you to overtrade, leading to exhaustion or injury (financial losses).
How to Lift with Leverage Smartly
-Set Stop-Loss Orders: This is like having a spotter in the gym. Decide beforehand how much weight (loss) you can handle before you need help (exit the trade).
-Only Use What You Can Afford to Lose: Never work out with weights that could crush you if they fall. Only use leverage on money you're prepared to part with.
-Know Your Limits: Understand how much margin you need to keep your positions open without getting a surprise bill from the gym.
-Position Sizing: Start small, like beginning with lighter weights before moving to the heavy stuff. Even with leverage, manage your trade sizes wisely.
-Keep Educating Yourself: Just as you'd learn new exercises or techniques in the gym, keep learning about markets and trading strategies.
A Gym Session Example
Imagine you've got $1,000 to invest, but with leverage, it's like you're trading with $10,000. If the market moves up by 5%, you're not just making a small profit; you're looking at a 50% return on your initial investment. But if it drops by 5%, you're facing a 50% loss, which could knock you out of the gym if you're not ready.
Wrapping Up
Leverage and margin are like your gym gear - they can make you stronger but only if used correctly.
If you're struggling to understand this concept, send me a DM - more than happy to help. If this article helped you, please boost, share, and comment; I truly appreciate it.
Kris/Mindbloome Exchange
Trade What You See
What’s Next for GameStop: $40 or $28?Good Morning, Trading Family!
What’s Next for GameStop: $40 or $28?
Here’s the plan: if GameStop moves above $34.30, we could see it head toward $40. If it drops to $30.54, it might bounce back—but if it breaks below that, it could fall to $28.
This Sunday, I’m hosting a webinar on how emotions can mess with your trading and what you can do to stay in control.
Send me a message or check out my profile for more details. If this helped you, like, comment, and share it with someone who might need it.
Kris/Mindbloome Exchange ( ME)
Trade What You See
$GME - Interesting signals for a while nowBeen getting interesting signals on GME for the past couple of months with it deciding it wants to do something, then changing its mind and repating this a few times before it decided to actually act upon it.
Luckilly i was able to catch this latest gradual run to $29.5 from $22 thanks to the signal in my data. I decided not to announce this little run so i could actually make money off it without me skewing my own trade by telling you CC selling folk what would happen. I already ruined plenty of runs by telling you guys about em.
This time though i'm pretty benevolent and feeling like ruining one more run and so here's the juice:
Now i'm seeing a pretty massive signal ahead of GME's earnings. One of the biggest i've seen, maybe the biggest. My take on this which can be a bit wrong is like this:
1) Earnings dumps GME as usual
2) Small period of consolidation
3) Goes up massively and GameStop announces something to ride the wave
Wont be giving out more information or charts as to not spoil all the beans. Good luck to both sides.
Not gonna be joining this one at least for now.
Updated projection - need to price and momentum upwardsAfter remodeling the price movement of the recent weeks/days, a majpr push in price/buying is required to continue any rallies in price. As mentioned before, any price movement below the blue cloud is normally a bearish indicator of weak buying volume and a move back down below resistance.
Updated projections - 2/3 cases could indicate declineAfter remodeling the price movement of the recent weeks/days, a majpr push in price/buying is required to continue any rallies in price. As mentioned before, any price movement below the blue cloud is normally a bearish indicator of weak buying volume and a move back down below resistance.
GameStop (GME) Can We Jump Over $33 to Reach New Heights?Hey there, trading family! Get ready for an exciting journey with GameStop (GME) stock! Right now, GME is like a video game character trying to jump over a big obstacle at $33. If it makes this jump, wow, we might see it zoom up to play between $36.50 and $37.50! It's like reaching a new level in your favorite game.
But here's the catch: if GME doesn't make it over $33, it's like falling back to the start of the level, or in this case, dropping back down to hang out between $25 and $27. We'll look at cool charts and listen to what other gamers (I mean, traders!) are saying about GME to help us guess what might happen next. Will GME soar like a high score, or will we have to retry the level?
If you found this post useful share, like or tell me your thoughts would love to hear them.
Kris/ Mindbloome Exchange
Trade What You See
Multi-Week Trendline Showing Strong Support
Look at this sexy chart. All of December GME has been hanging out in this upward channel. The bottom line has acted as support not 2 or 3 times, but EIGHT freakin times. Today was critical in my opinion if the trendline was going to remain strong, especially on a Friday given that max pain was sitting under the line at $30.
RSI has also had a support line around 50. We have bounced off that line yet again. Hopefully soon this is the last one.
Another thing to note is OBV which has been steadily climbing indicating that any pullback is just a distribution period before another leg up.
In my opinion, next week we should see GME test the top of that trendline around $40. If it rejects we may see it come down to test the trend line again around $33 or $34. But if it breaks, we could see this puppy FLY to the Fibonacci extension from the May squeeze. We would match that squeeze at $64.98 while the next (log) line is at $205!!
Lets get it!
GME - predictions/possible movementsBased off of projection models of previous years, I believe that a break out depending on when it occurs in the next few months would dictate how high GME could go. However, we would need to remain above the EMA/MA lines indefinetley as well as above the cloud support areas. Movement or price falling below those levels may show weaker signs of buying strength and a further drop to the downside or previous monthly trend line area.
MOASS: WC: 31.65 Target: 1800-2400 MOASS: 47k-100KTLDR
SYNERGY SYNERGY SYNERGY
SPX will continue its rise and temporarily top between 6050-6099
That will coincide with GME's rise to 35-40
SPX will then decline to 5600ish
That will coincide with GME's decline to the BOOM region near the Oct 23rd VWAP
SPX will then start a parabolic like climb to 6300-6400 area
That will coincide with MOASS
Textbook Cup and Handle; LONGShort term Target $33.33 long term target $60 to $120. A Pull back into a Break down is still possible to 29.50, but Im still Bullish as of now, if we didn't hold $30 this week it would have been bad I think but due to recent developments, I feel confident in this play still. Long
GME Update with my Strategy Code —- > THIS IS NOT A FINANCIAL ADVICES <——
Hi everyone, in the past months I have just finished my strategy code and now I do some testing with a great trading tool ( Trading View ).
The strategy until today did not give the signal to sell in GME, in fact and seams this stock going to the moon. We can see from the graph there is a high volume between 20$-30$ with high high resistance in 31$ like what we saw last night the drop from 31$ to 28$, let us see in the coming weeks maybe days…
Thank you
MOASS: WC: 32.20 Target: 1800-2400 MOASS: 47k-100KTLDR:
35-40 Region is next
Significant retracement will follow that will take us back down to 28-30ish
VWAPS and VPOCs will ultimately provide support
100% move coming in Jan
Emoji timeline is legit IMHO
The Cat is signaling to Inauguration and End of April
FIb TIme Axis agrees with suspected emoji timeline
Swaps are a big component of the short play
Swaps will AGAIN be used to resolve MOASS and this will play out AGAIN in 3-4 years