GME ready to rumbleeeee! 8/24 run where we finished up 25% is equal to march day after earnings where we ran 50% then went sideways for a month. Fibs and waves support we hit our low at 167, but 163 isn't out of the realm of possibility until we break above 195 area. Expect a few up days from here but not too intense, then 5 ish days of sideways, then BOOOOM!
I expect larger view trajectory to go 860 ish to 550 ish to 1700-2200
If we DO have more downside, we will likely gain W = Y parity at 163, though the bounces at the other 1:1 levels is convincing enough for me.
Obviously I have no idea if it will actually go like this. If most common ew ratios are hit, I'd expect to top around 1200 this run, though movie stock hit the 1.236 multiple for the final wave 5, which in theory puts us at 1700 area.
absolute highest I see this run going is 2200 area unless MOASS starts.
I do NOT think this will be the MOASS, so hodl strong and delete your sell button. Hodl for phone numbers size prices, this will just be the first test of diamond hands.
if we break 195 to the upside this in theory invalidates more downside, so watch for that as well
If this cycle replicates the previous to the T, I'd expect the next 3ish days to finish up, followed by a few days of consolidating before really ripping.
GME ready to rumbleeeee! 8/24 run where we finished up 25% is equal to march day after earnings where we ran 50% then went sideways for a month. Fibs and waves support we hit our low at 167, but 163 isn't out of the realm of possibility until we break above 195 area. Expect a few up days from here but not too intense, then 5 ish days of sideways, then BOOOOM!
I expect larger view trajectory to go 860 ish to 550 ish to 1700-2200
If we DO have more downside, we will likely gain W = Y parity at 163, though the bounces at the other 1:1 levels is convincing enough for me.
Obviously I have no idea if it will actually go like this. If most common ew ratios are hit, I'd expect to top around 1200 this run, though movie stock hit the 1.236 multiple for the final wave 5, which in theory puts us at 1700 area.
absolute highest I see this run going is 2200 area unless MOASS starts.
I do NOT think this will be the MOASS, so hodl strong and delete your sell button. Hodl for phone numbers size prices, this will just be the first test of diamond hands.
if we break 195 to the upside this in theory invalidates more downside, so watch for that as well
If this cycle replicates the previous to the T, I'd expect the next 3ish days to finish up, followed by a few days of consolidating before really ripping.
K...great analysis & thanks. Really 😎