GME; Zone Skip
GME is currently trying to complete it's cupular formation to [$345.50]
once that completes the price targets are pretty high according to my previous "GME; wishful thinking" idea.
but first.. we gotta escape this upper zone.
per the last time we breached the top of this zone in march, GME attempted a zone skip.
Simply imagine a zone of the same exact size right above this one and that is what GME tried to jump over.
In fact, GME tried jumping
-4 zones in Jan.
-3 zones from late Feb. - early March
-and now is POSSIBLY another. If not, there'll prolly be some retracement to sub 180, then a handle will form and up we go.
If you look back you can see each attempt is granted a bit more time.
In this way, it becomes a more stable move and is able to continue higher.
Right now, GME has some heavy goals to achieve while still being healthy so it may be as quick.
Just a reminder;
this is all for knowledge and a new perspective rather than trading.
Sometimes seeing other's ideas can spark one in you.
So go out there, chart away,
and as always
let's see what happens!
once that completes the price targets are pretty high according to my previous "GME; wishful thinking" idea.
but first.. we gotta escape this upper zone.
per the last time we breached the top of this zone in march, GME attempted a zone skip.
Simply imagine a zone of the same exact size right above this one and that is what GME tried to jump over.
In fact, GME tried jumping
-4 zones in Jan.
-3 zones from late Feb. - early March
-and now is POSSIBLY another. If not, there'll prolly be some retracement to sub 180, then a handle will form and up we go.
If you look back you can see each attempt is granted a bit more time.
In this way, it becomes a more stable move and is able to continue higher.
Right now, GME has some heavy goals to achieve while still being healthy so it may be as quick.
Just a reminder;
this is all for knowledge and a new perspective rather than trading.
Sometimes seeing other's ideas can spark one in you.
So go out there, chart away,
and as always
let's see what happens!
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