GameStopLong
MOASS: WC: 29.05 Target: 1800-2400 MOASS: 47k-100K
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Topics:
-Parabolic price movement is next
-Detailed explanation of Elliott Wave Count
-Path to the top of the smaller MOASS box at 2400
-JANUARY
-The cat and the emoji timeline
-Parabolic price movement is next
-Detailed explanation of Elliott Wave Count
-Path to the top of the smaller MOASS box at 2400
-JANUARY
-The cat and the emoji timeline
Trade attivo
Notice how nicely price respected the support and resistance zones
Trade chiuso: obiettivo raggiunto
Volume IMHO is the most reliable predictive indicator
Nota
Just so we are clear on near term expectations
We anticipate making it to 35 by end of week and then we anticipate a retracement to somewhere near support at around 30
Then we should be on our way to 40 in a pretty aggressive move up
Nota
This should be an EXPLOSIVE earnings report..
Have no idea what the fundamentals of the earnings report will be..and I dont care..what I do know is this chart is saying almost no matter what, collective sentiment will interpret it as positive and price will move higher...again thats what the structure is telling us
Calling it now:
After we complete the retracement from the 35 area we should pretty aggressively head towards new all time highs
And this is what that move higher will look like
Nota
Morning!
Casino will be open shortly
Keeping it simple we expect price to hit 35 this week, give us some sort of retracement to near 30 possibly and then head higher to 40
Nota
Ok should be headed to 35..not in a straight line of course lol
Nota
Nothing to see here folks
This is a diagonal structure we are dealing with and like we always tell you they come with lots of overlap and deep retracements
Still headed to 35!
Nota
Ok bottom should be in as price has now pushed down to lower vwap support
This push has changed our count as price has traced out an even LARGER diagonal..
Shorts are having there fun at the moment but that ends real soon as we are on our way to 35 then 40 and beyond
Nota
Oh forgot to add we bought another 40 on this dip as we do not expect to see these prices again after earningsNota
This is what things look like at the lower levels coming up off this presumed bottom
Provided we dont develop some lower level diagonal type structure this is what the path should generally look like
Nota
Ok based on what we are seeing now this is how we see this lower level move playing out
Nota
The depth of that push clarified this count
Nota
And thats a wrap!
Lots of intense selling today but nothing abnormal as price respected support and VWAPs and bounced
We are STILL headed to 35 then 40
Going to make this easy for you to track
Nota
Morning!
Casino will be open soon
Was looking at the last couple weeks price action last night and there really are a few different ways you can count this
With that said the below makes the most sense based on how the larger timeframes are structured
M O A S S
Nota
Price touched and bounced off the Oct 23rd VWAP
This is why weeks ago we stressed how important that VWAP is
Nota
This is a 1 min chart
Its telling me that price is about to shoot higher
Nota
GME and its love for overlapping price structures lol
1 min chart again
Nota
And thats a wrap!
Good day overall!
Lots of overlapping price action on the lower timeframes which lets us know that some repositioning by major players is underway
Nice bounce right off the oct 23rd VWAP
Like we said still headed to 35 then 40 and beyond
M O A S S
Nota
Session volume point of control looking nice and bullish
Nota
Morning!
Casino will be open later
Expecting Oct 23rd VWAP to continue to support price as we head higher
35 and then 40 are squarely in our sights at this point
M O A S S
Nota
VWAP still supporting price
Seems to be major players positioning themselves for earnings
Nota
Notice how price is forming a base...thats a sign of an impending move
Nota
Nota
And thats a wrap!
All things considered it was another good day..essentially a mirror of yesterday
Low volume, VWAPS held support but its fairly obvious to us that there is a good amount of "positioning" taking place behind the scenes at the order book level
All near term areas of interest are show on the chart
Still expecting a move to 35 and then 40 but also have lower support identified in case we get some massive earnings related sell off..even then it would take a break below 20 for me to get "worried".
M O A S S
Nota
Morning!
Casino will be open later
Word/Acronym of the day: VWAP
VWAPs should continue to support price
As we said earlier in the week this should be an EXPLOSIVE earnings report as far as price action is concerned and should see price run up to 35
M O A S S
Nota
Well would you look at that :)
Nota
Told you all that 35 was on the way
And it appears the cat has resurfaced and is pointing to Jan
Funny because we have been pointing to Jan for months now and over the weekend we said that RK was too with his emoji stuff
Elliott Wave and TA in general for the win baby
Nota
See that purple iii up near 100?
Thats where we are headed but we will talk about that more in the weekend update
:)
Nota
And thats a wrap!
Well we told you earnings was shaping up to be explosive lol
And price is aiming squarely at 35 then 40 and then A LOT HIGHER
M O A S S...is happening
Nota
Nota
Take note of the timing for a potential market top that I called out below...thats NOT a coincidence
Nota
Morning!
Casino will be open later
Expecting price to continue to move higher but how high depends on what type of volume we get today
35 is next
M O A S S
Nota
Provided the 28 level holds we are aimed squarely at 35
Nota
28 is holding
Lets see where we end the day
Nota
And thats a wrap!
Yet another exciting week!
I think we can all see where price is headed
I'll save the good stuff for the weekend update but as we've been saying all week...Earnings Should Be Explosive
M O A S S
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