GME- 20%+ Move Incoming
Now that we are finally past earnings and the, customary for GME, earnings dip, price can finally get moving
The FED and surrounding conversation will provide the volatility we need
We are predicting a 20%+ move back to the 25 level (should see that move this week)
After that the 28-30 level will be the next target and subsequent resistance zone
From there THINGS GET EXTREMELY SPICY as the 38-40 level is extremely dangerous for Shorts in our estimation
We will continue to track the elliott wave counts at a micro level but as you see from the higher level charts we continue to see GME as EXTREMELY BULLISH
G A M E O N
The FED and surrounding conversation will provide the volatility we need
We are predicting a 20%+ move back to the 25 level (should see that move this week)
After that the 28-30 level will be the next target and subsequent resistance zone
From there THINGS GET EXTREMELY SPICY as the 38-40 level is extremely dangerous for Shorts in our estimation
We will continue to track the elliott wave counts at a micro level but as you see from the higher level charts we continue to see GME as EXTREMELY BULLISH
G A M E O N
Catatan
Morning!
Casino will be open later
Nothing much to add from the weekend update other than as we track price at a more micro level we are still expecting a Wave 2 pullback...which will then be followed by a strong move up for Wave 3
G A M E O N
Catatan
Ok as expected we got a pullback for what we think is Wave 2 at a micro level
We should be heading up to the Wave 3 target next
Lets see
Catatan
On our way!
Catatan
Support is holding so still looking higher
Lots of shorting today, suppressing price
Catatan
The Bid Smashing/ Spoofing going on is hilarious lol
Catatan
And thats a wrap!
Another good day as far as we are concerned...minus the obvious illegal and criminal price manipulation that happened after lunch lol...some pretty blatant cheating going on lol
BUT alas, support still held and the price structure did not change one bit
G A M E O N
Catatan
Morning!
Casino will be open soon
Definitely looking higher
Volume, Support, Resistance and Fibs= The Key
Chart above works for now
G A M E O N
Catatan
Thinking we see a bottom soon
Adjusted Wave 2 since price retraced to the Monday low
Patience...its about to get moving soon
Catatan
And thats a wrap!
Saw some consolidation and selling but as per usual SUPPORT HELD
After we bottomed price has entered into what appears to be yet another leading diagonal at the micro level
Added some directional arrows so you can see the course of price we are anticipating tomorrow
G A M E O N
Catatan
Morning!
Casino will be open soon
Once we get this Fed stuff out of the way we should really get moving
G A M E O N
Catatan
Tweaked things a bit based on this small move lower
Catatan
Aggressive algo shorting taking place at the moment
They are simply walking price down via bid smashing
Illegal..but hey what can you do lol
Doesnt change the bullish price structure
Watching to see if the Sep 11th low at 19.31 holds as they are obviously pushing price to that level
Catatan
Get Ready!Catatan
Ok we seem to be bottoming
Tick...Tock...
Catatan
And thats a wrap
Finally we are past all of this Fed stuff
Lots of algo selling today...
We are definitely in a bottoming phase
The 20 level seems to want to hold which is extremely good
Still looking for a 20%+ move...not sure if we get it this week like we thought we would but its definitely imminent
G A M E O N
Catatan
Morning!
Casino will be open shortly
Its the day after rate cuts and the market is responding bullishly which bodes well for GME
GME price has noticeably diverted from XRT lately which usually portends an upward move in GME
Things are all coming together
Chart above works for now
G A M E O N
Catatan
And that wrap!
Nothingburger of a day
Support held despite the illegal shenanigans going on lol (at some point those buys are going to hit the lit market hedgies)
Still feel a 20%+ move is imminent and looks like we shall get it next week as tomorrow/monday should see a bottom put in
G A M E O N
Catatan
Posting this again for those that havent seen our MOASS call
Catatan
Still tracking this at a micro level
If the Sep 11 low breaks then this count is invalidated
Lets see if it holds
Catatan
Morning!
Casino will be open shortly
Still overall looking much higher
Although we are below it we are fully expecting price to move back above and hold the 20 level soon as part of the 20%+ move we are anticipating any day now
Charts above work for now
G A M E O N
Catatan
Maybe this is the start of the 20%+ move that we have been calling for
Lets see if we can keep up this momentum
Catatan
Elliott Wave as usual lights the way
We have basically hit the Wave 3 target at the 21.44 level
Still watching the price action to see if Wave 3 has higher to go or its time for Wave 4
Catatan
Ok fairly confident we are in the midst of the Wave 4 pullback
lets see how deep this gets
Once this bottoms we should head higher to complete Wave 5 around 22.10
Catatan
Ok solidly on our way to Wave 5 around 22.10
Getting spicy!
Elliott Wave is tracking this almost laser like
Catatan
We are progressing nicely and have made it almost to the Wave 5 target
From an Elliott Wave perspective the leading diagonal pattern that we have been tracking can technically be considered complete since price broke the Wave 3 high
At this point there is potential to still push higher but be aware that after Wave 5 completes we expect a corrective pullback to around the 20.40 level
But again Elliott Wave is NOT about being exact..its about probabilities and understanding where the market is likely to turn
G A M E O N
Catatan
And thats a wrap!
Well looks like our call for a 20%+ plus move was on target.
Price isnt there yet but its definitely setting up to complete that expected move back to the 25 then 28-30 area
Elliott Wave as usual has lit the way
M O A S S I S H E R E
Catatan
Sneak peek at how we see things playing out next week
This is purely conjecture at this point as we need to see how deep we retrace off where ever we top for Wave 5
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