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MOASS: How Will We Know Its Over

So far in our coverage of GME we have told you how high we think price will go during MOASS and also what technical triggers we think will lead to take off

We have also told you, from a timing perspective, when we think MOASS will kick into high gear (Oct 21st)

What we havent told you is how to know when MOASS is over

The short answer is: A break below VWAP

As we told you last week VWAP is a key data point that Institutions/Hedge Funds use to identify ideal entries/exits

Its also a key data point used to define acceptable risk (i.e. XYZ standard deviations from VWAP things break)

Like the Jan 21 squeeze this one will most likely be triggered by a Short Squeeze/ Gamma Ramp which will lead to forced buy-ins and extreme delta hedging

In a Short Squeeze/ Gamma Ramp environment VWAP is THE MOST IMPORTANT DATA POINT TO SHORTS

As long as price is ABOVE VWAP its not advantageous for them to close their positions...

And that is why your trigger to know that MOASS may be winding down is that first dip BELOW VWAP after price explodes

M O A S S

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Zooming in a bit

This is what we are watching for early in the week

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Morning!

Casino will be open shortly

Nothing else to add at this point

Mainly watching for an increase in trading and short volume as price should rise along with them

Chart above works for now

M O A S S

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That push lower changed but cleared up the structure

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And that is the power of elliott wave

Now lets see where we go from here

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Ok based on this price action this is how we are seeing things at the moment

Remember as we always remind people, in elliott wave if we over/undershoot targets, we just look to the next higher/lower fibs

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Thinking we head higher by EOD to complete Wave 3

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And thats a wrap

Casino has been closed but we had a good day!

Things are progressing as expected

Expecting a continued push higher leading up to Oct 21st and thru the election

Get ready because its happening

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Morning!

Casino will be open soon

Not sure if you can feel it yet but things are getting spicy from a price action standpoint in the markets

Chart shows what we are watching for today but at this point we are patiently waiting for the fireworks to begin

We still feel next week is when things kick into high gear (btw- that doesnt mean MOASS next Monday..that means increased volatility and volume which should get price moving at a faster pace than its been moving)

M O A S S

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Dont sweat this extended pullback

Price is tracing out a very common elliott wave corrective pattern called a FLAT

Still headed higher folks!

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And thats a wrap!

This was a good day!

Told you not to sweat the pullback

Higher we are headed!

M O A S S

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Afternoon!

Late posting today but it looks like price has drifted higher

As the broader market find direction things will pick up

Lets see how the day ends

M O A S S

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And thats a wrap!

Price is still heading higher towards the Wave iii target

And as you can clearly see from the chart price is having significant reaction to the lower level VWAPs on the chart

You can expect the same type of volatility as we approach the larger VWAPs weve been pointing at for the last couple weeks

M O A S S

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Morning!

Casino will be open later

Watching for continued movement higher as we get closer to Oct 21st

Should see strength in the broader markets which should add fuel to GMEs fire

Chart above works for now

M O A S S

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And thats a wrap!

Ok posting a view of price on the daily because we want to beat home how its obvious that these Algos are using VWAP as a central piece of their strategies

Each VWAP is from a significant recent low

Notice how price is ping ponging around and between the VWAPS

Take a wild guess whats going to happen when ANY significant volume comes in near those VWAPS?

M O A S S

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Morning!

Casino will be open soon

Expecting support to hold and price to continue higher towards the completion of Wave iii

Get ready folks because things are heating up

M O A S S

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And thats a wrap!

Ok lots of overlapping price action but that is the nature of impulsive moves that are comprised of diagonal structures

As you see we have adjusted the count based on the latest action

FYI- you see diagonals at the beginning and/ or end of impulsive moves

We have been saying that price is preparing to run significantly higher so again it makes sense to see the beginnings of said move include overlapping diagonal structures

Why? Well from a sentiment perspective those structures are a sign of indecision (i.e. why we see the overlap) and signal a potential change in trend as buyers/sellers scoop up liquidity and re-position to follow price the other direction

We will go into detail more in our weekend update but this is EXACTLY what you would expect to see if you were looking for the type of upward movement that we have been calling for

Oh and dont forget..Monday is Oct 21st..you will see why we pointed to that date by month end

M O A S S