WC: 23.46 Target: 1800-2400 MOASS: 47k-100K: Cycles & Momentum

3 天前

Let me start by saying that I still do not think the 20 Week Cycle Theory has been invalidated

We are only a couple weeks in on what is again a 20 WEEK CYCLE

With that in mind based on the cycle view displayed, at this point, I have to assume this cycle will be similar to the last cycles in that the price appreciation should take place aligned with the GREEN vertical lines...which corresponds with the end of July/ beginning of Aug timeframe

The question is what does the price action look like in the meantime?

A lot of that depends on what the broader market looks like and what levels hold on GME

I do not have a crystal ball

For what its worth I have additional buys set to trigger at 21.50 and 22 with a tight stop loss in case of any moves lower

Ok now lets talk momentum

GME is obviously vary volatile and extremely beholden to the options market

I have been working for months behind the scenes on fine tuning my custom indicators to provide a stable view of increases/ decreases in momentum..and have now reached that point

On the below indicator view , generally speaking, if all 3 Histograms are GREEN and ABOVE the ZERO LINE then price is showing HIGH BULLISH MOMENTUM...and vice versa for Selling Momentum

So with that said as you see GME is still showing a lot of weakness and until we see the bullishness conditions mentioned above I expect price action to be somewhat muted

GOOD TRADING TO YOU ALL

3 天前

交易進行