Is GME trading in another GIANT Ascending Triangle???
It appears as though another Ascending Triangle is forming for GME, notice the series of higher lows at the upward green sloping line of support, it's interesting to see a bounce off of the old resistance of the previous Ascending Triangle in blue, inherently bullish.
There's merit for an inverted H&S pattern as well, the green human icon is the head of the pattern.
The RSI is displaying higher lows coinciding with the price action, and there's noticeably a bearish divergence that started Jan 25th, 2021. There has been a slight deviation where I've placed the blue sideways pointing finger, but their downward sloping resistance creating a series of lower highs has been pretty accurate, despite the price increase and choppy sideways price movement. The RSI has cooled off a little potentially indicating further upside action....
On the KST it's pretty neutral and I wouldn't be surprised to see a bullish cross next week where I've placed the blue finger.
There's merit for an inverted H&S pattern as well, the green human icon is the head of the pattern.
The RSI is displaying higher lows coinciding with the price action, and there's noticeably a bearish divergence that started Jan 25th, 2021. There has been a slight deviation where I've placed the blue sideways pointing finger, but their downward sloping resistance creating a series of lower highs has been pretty accurate, despite the price increase and choppy sideways price movement. The RSI has cooled off a little potentially indicating further upside action....
On the KST it's pretty neutral and I wouldn't be surprised to see a bullish cross next week where I've placed the blue finger.
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