Ok this is my last video on Gamestop
You will see less frequent posts going forward and they will be at the MACRO level and focused almost exclusively on the daily charts
Its been a ride covering this over the past year or so
True to my posting intention (I'm only here to help people trade better) this video is educational in nature
Its not hopium fueled at all...this is me, one last time...TEACHING YOU HOW TO FISH
First half of the video is setting your charts up for the squeeze
Second half of the video is showing you some new stuff around the 20 Week Cycle that you havent seen before
But yeah..no hype...just TA and some rambling..because as my Tagline on my X profile says i'm:
"Just a guy who likes to draw Elliott Waves on stock charts and ramble on about markets."
GOOD TRADING TO YOU ALL...SEE YOU ON THE OTHER SIDE!
You will see less frequent posts going forward and they will be at the MACRO level and focused almost exclusively on the daily charts
Its been a ride covering this over the past year or so
True to my posting intention (I'm only here to help people trade better) this video is educational in nature
Its not hopium fueled at all...this is me, one last time...TEACHING YOU HOW TO FISH
First half of the video is setting your charts up for the squeeze
Second half of the video is showing you some new stuff around the 20 Week Cycle that you havent seen before
But yeah..no hype...just TA and some rambling..because as my Tagline on my X profile says i'm:
"Just a guy who likes to draw Elliott Waves on stock charts and ramble on about markets."
GOOD TRADING TO YOU ALL...SEE YOU ON THE OTHER SIDE!
Trade active
Morning!Casino will be open shortly
Well we are finally to the WEEK of 06/09
Expecting things to pick from here
Earnings should bring natural volatility as well as the CPI report on Wed..all leading into June OPEX which should be significant
Oh and still anticipating The Cat to comeback at any point
BTW-im going live on YT at Market Open for a bit
Trade closed: target reached
If you were on the LIVE early you see that price is now exactly at the FIBS I last called outTICK TOCK
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TICK TOCKNote
That break of the channel is another sign that we are about to see a push higherNote
Note
Morning!Casino will be open soon
Its earnings day so expecting price to again be somewhat muted today..
Thinking tomorrow thru the end of the week things pick up volatility wise
Tick Tock
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Yet another diagonal has formed on a micro levelNote
Definitely a diagonalNote
Note
And thats a wrap!We are set up nicely for a move higher off earning but this is a diagonal so prepare for the whipsaw
Lets see what we get from here
Tick Tock
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Price sitting on top of the VWAPS after hours...THATS A GOOD THING!Sitting on VWAP = Accumulation
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Just to be clearPrice is literally sitting near major VWAPS in a support zone that was called out weeks ago
And this is after hours where liquidity is low...
This doesnt "worry" me
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VWAPS for the winNote
Morning!Casino will be open later
Strong earnings report overall...still an opportunity with revenue but that was expected
TONS of FUD right now lol
But whats funny is price is still within the support region I called out weeks ago..in fact I said on the LIVE on Monday that any moves lower would take us EXACTLY to where we are right now..smh
Better lose that hopium and get some TA in your bag because as I have continually said: THIS IS A DIAGONAL
Overlap and Deep Retracements are par for the course
Note
Note
And thats a wrap!Price basically sat on/near major VWAPS all day...which is a sign that Algos are soaking up liquidity
You are about to see what happens when they deploy that liquidity
TICK TOCK
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This is why from an Elliott Wave Theory perspective none of this price action changes ANYTHINGNote
That should say BOTTOM of Wave 2Note
Diagonals diagonaling but the ABC is pretty apparent at this point and very nicely structuredNote
Morning!Well we can all see the affect of the Bond Offering on price in the premarket
All we can do is let this play out BUT I expect the exact same thing as we saw in April when this is over: Significant Price Improvement
The run we make from here should take us to the 45 region
Note
News Flash:We are 4 days into a 20 WEEK cycle
We ARE getting big moves..its just down right now because of the Notes
But the VOLATILITY is HERE..smh
As I said in the LIVE too many people want everything NOW instead of letting things play out.
I do not have a crystal ball
But for those in the comments doubting...POST YOUR OWN ANALYSIS..lets have a look :)
I wont hold my breath
But here is my real advice if you are filled w/ FUD and are doubting this analysis or the thesis: MOVE ON
Why do this to yourself lol
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Cycles Future Pivots (yellow lines)
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Bought TF out of this dipNote
And thats a wrap!Ok we are back to the 22 floor again
Like the last offering I expect a massive move higher as Arb Desk shorting subsides
But I think its clear now that we should anticipate RC to do these offerings over an over again so Ill be sure to keep that potential front and center as we move higher
Game On
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Morning!Casino will be open later
Now that we are starting to clear the air on the new Convertible Offerings we should be looking higher
Ive added a "WATCH OUT" region on the chart which indicates where we are likely to see another potential deep retracement on the way to 45
This is all standard fair for a diagonal but the potential for additional Bond offerings + the natural volatility of GME means we have to extra mindful of the DEPTH of retracements as we move higher
Oh and none of this changes my thoughts on the 20 Week Cycle stuff
Of course I thought we would initially move higher this week BUT at the end of the day we got the main things I was anticipating: VOLUME and VOLATILITY
Note
And thats a wrap!Well the WEEK OF 06/09 was a doozy lol
Volatility and Volume in spades...but no price appreciation due to the Note Offering
Not worried one bit from an Elliott Wave or 20 Week Cycle Perspective
Ill talk about it more in the weekend update
And yes its still TICK TOCK
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.