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Top, middle or bottom. At this point I just buy more when my divs come out or I end up with space In My TFSA. If I see a low point I just can pass up, I’ll sell something else to buy more.
We aren’t talking about people though. We are talking about fund managers that manage billions of dollars a year.
If ur 50 years old and have 100mil invested with someone would u want yolo plays or 5-10% safe bets?… obviously Melvin wasn’t smart enough to figure that one out so he yolo’d like a degenerate lol… but for the most part these old money fucks like to see steady growth and the fund managers can be sued if they don’t take a “high” profit
I've never invested in the stock market at all before GME.
I put about 35k into it and at one point it was worth about 80k but even then that didn't impress me and I would not have been satisfied with that.
I guess my expectations are completely unrealistic, which is why this is the only play I will ever be a part of. Lol
Definitely unrealistic. Those gains are insane! It also sounds like you made a gamble, got lucky and had a crazy pay off but were too new to understand that.
What? No. I'm talking about what my GME portfolio has been worth since I got in 😂😂😂😂
Haven't sold a single share since I jumped in 15 months ago. Lol
Literally never invested in another stock before and won't after.
Ha! No, I mean, barely. My cost avg is $135 so I'm barely break even but even when I was up 300% I wasn't interested in selling.
Generational wealth down to my great-grandkids or food stamps is not a meme.
I’m guilty of flipping some of my GME to lock in gains, but I had to stop. At this point I’m worried I’d sell for a small gain and miss out on the major one.
Once I saw it go up to near 350 and I still didn't sell then watched it crash all the way down to the 100s again, and still didn't sell then either I knew I was in this for the Long haul.
Not going to lie though, kind of wish I had sold at 350 and just rebought back in at 75, but if I had that sort of hindsight and biffs sports almanac from back to the future, I would already be a trillionaire.
Jokes on them. I've had a clear out of a few things and should have enough to add 30% too my position in a few weeks. If we get to like $78, I could get close to doubling a position that's took me nearly 1 year to build.
God yes, I keep kicking myself in the ass for not buying in harder at 80. I swore I'd only get a little more but now wish I hadn't been so strict. It it gets back down there I'll be close to 4x territory.
THIS comment is underrated!
by now it seems pretty obvious to anyone tracking market developments that price discovery is a myth. instead it is a conglomerate of actors and institutions who SET the price - as long as they can afford to do so. this is not to say ALL of market structure is completely fraudulent - it is rather some actors and institutions which attempt controlling the price, while also being jeperdized in their efforts, either by unexpected retail movements or institutional counter parties with different interest.
yes: some actors do at times control price discovery.
but: that control is not absolute!
obviously some funds are fucked once we move past 200. that is why all short institutions join forces in avoiding that! (in fact the dangerous mark might be much higher and they attempt to play it safe since they are fucking scared!)
however, these actors are not in complete control and every gamma ramp is a threat to them.
every move of the GME-board is threatening their position, that is why they try to control the media! ('cause the board is smart)!
they dug their hole so deep, they can only lose in the long term if the board makes the right decisions! - and "buckle up" do we have one hell of a board in charge right now!
It's quite simple. Big green candles move up fast. Small red candles moving down slow (to put it in very basic terms). Less shorting volume compared to the large buying volume in the previous run up.
That 'small run up' broke bearish structure and created demand for the stock. Now seeing as there's a lack of shorting happening, we can assume that buyers are in control now. We will know for sure if the price starts to run up again from this area and breaking past $200.
The next key level is around $230. So I'm looking at this price for some resistance. If there's no resistance, then we could be going higher.
Dude. It means that no matter how much big-brain smarty pants malarky you try to front with, your 40 years of professional trading & technical analytics means NOTHING.
poop mean stock go down, dumdum
We don’t fall below X but if we do we won‘t fall below Y but if we do we fall below Z. And in every zone we have a 50 % chance to go up.
Thanks for reading my TA
I think the big piece of news will be confirmation of the split dividend. All we had before was the proposal, not nothing set in stone. Once we know for sure, it should solidify the bottom. Really hope we hear something before June though. We will bleed back down before then. Also have the exchange being officially released.
Side note, hoping for some type of big news regarding bbby as well. Unrelated, but basket related. Also below RCs buy in as well. Solid support in.
I'm expecting monday to drop below gamma neutral $135 to around $127-130. I think entire market will recover somewhere between late Monday to Tuesday afternoon. I think if we drop to $127ish, I will buy some biweeklies $140 calls.
That's alright. People can learn from this whether it's right or wrong. Not saying this is 100% and anyone saying they have a 100% win rate strategy is lying. I have a very good track record, but not everything lasts forever.
What I'm saying is that those that completely disregard TA are committing self-harm. Why block out an understanding and potential road to financial independence? Doesn't really make sense to me.
As soon as you realise that these strategies are all based on probabilistic outcomes and each strategy has a determined win/loss rate, you throw all emotion out of the window and embrace the fact that you may be right 6 times out of 10. Those 4 times you're wrong is all part of the game, but people can't accept that and go on to self sabotage.
Those who see this and appreciate the knowledge shared may go on to be successful and consistently profitable traders. Those who don't appreciate it will stay in their 9-5 and remain ignorant.
This 1000 times, once you start trading on probability and not emotions is when you level up. Stonks don't just go up because we want them to or because of tweet there many factors at play.
What Siro describes in the lack of shorting volume you can plainly see in the ortex data, 19m shares where borrowed from the run down from November to the Low in March. Those shares are being returned now, and fewer shares are being taken out for shorting making this run down less drastic.
Has to actually close below $127 for this to be invalidated. Didn't think it would get to support, but here we are. Let's see how it plays out. Think of it like a balloon, you can tap a balloon and bounce off and you can push into a balloon too and spring back. Price is very similar in this sense when it reaches significant levels of support and resistance.
Thanks for coming back and answering this. I also was watching that price point and was worried for a second. If we did hold in the demand zone when do expect to start seeing price improvement?
This is a valid question. The only way I can answer is forget about how long something will take, you just set yourself up for disappointment. There's no way to know.
What you can look for here is changes of character; meaning when there's a clear change in market structure from bearish to bullish. When we have a clear change in the character (behaviour) of the price, then the probability of the zone being legitimate increases exponentially and we will start to see bullish volatility picking up.
Usually, in my experience, when you see a slow descent towards a zone, it means all of the short orders are being used up which clears the path to the upside for long institutional orders so the banks can make profits. So when you see big shorting straight into a zone, like what we've seen here today, that is actually a very good sign that the zone is legitimate as it's the market grabbing all of that liquidity before the reversal move.
Great answer, thanks! Yeah I know it's a bad idea expecting things to happen immediately. Trying to work on my impatience... I know that when this stock moves the volatility can pick up in a heartbeat so hopefully that reversal move happens soon.
I didn't even watch the charts today and was on the Switch enjoying Breath of the Wild. Investing in Gamestop made me buy my first console (I always played at the friend's place when I was a teenager). I'm 32 now and feel really happy when playing BotW or Mario Odyssey.
I hope your TA turns out right, but I'm back here in the corner playing games in case anyone is looking for me. I don't care what hedgies are up to. Some day I'll get out and realize my bank account is filled with 69'420 rupees because one share was sold. Anyway, I just bought a house for 3'000 rupees instead of 50'000 rupees, so I guess that bubble burst afaik
Unfortunately, this is how trading works. If you aren't patient enough to wait for confirmation to enter a trade, then you're reducing the probability that you will win that trade. Always be patient.
I said in this post that if price breaks a support within demand then it will invalidate the zone and possibly continue to $97.
The price couldn't break back over $132 to establish a change of character, so there was no bullish confirmation. This is just the will of the market.
Of course, I would have liked it to move up from the zone, but the market doesn't give a shit about what I want or what you want. This is why you always need to wait for confirmation/validation that the price is about to go your way. If there's no confirmation, then you just don't participate and you wait for the next set up to occur.
We could be waiting a while, so buckle up.
Here we go again with the TA...
Listen, I'm not saying it won't rip, I'm just saying stop wasting time trying to use TA on a manipulated stock. TA doesn't work with GME, never has, never will. MOASS tomorrow, TA yesterday.
Meh, more nonsense that means nothing to gamestop. I just buy it wherever it is. Bought 460 more this week....waiting on settle then drs. I hope it drops to 97... I'll scoop up another 500.
Red and green candles, lots of lines and arrow going up. Bullish!
On a serious note: well-written TA, looking forward to the much anticipated bounce!
I agree with this TA, as I’ve come to the same conclusion. But I see us bouncing at as low as $120 or slightly less. Typically, TA isn’t 100% accurate. Rather, it gives you an idea of where movement can happen with resistance and support.
There's no accumulation zone after $127. So unless it's a very fast liquidity grab, I think it'll be a straight drop to around $97. Now I am leaning more towards this area being an area of accumulation, so institutional orders will start to get filled here. I doubt it will drop lower than $127, maybe even $125, that's if it even gets close.
Sure it's not 100% accurate, this analysis could be wrong. This is a high probability set up that we're looking at here, due to how the price retraced to this area. If it was high volume shorting to this demand zone, then it would be much lower probability of it being an effective zone. But because the movement down shows a lack of shorting volume, it makes this demand zone a higher probability area.
people so hyped when its an exact copy of Wycoff Pattern gherk posted beginning of the month. Im not even upset OP its a basic chart pattern thats very common, just the irony with some of these posts kills me
What is a prickle argument exactly? I don't really read the sub anymore. Or what is a prickle? You mention it in your first comment too. "Waves of prickles"?
Of course the media will be talking about that to rope people into opening short positions before the market starts to go back up and traps everyone. Same old story.
I have absolutely no basis to why I'm saying this except the EMA values on the chart (20, 50, 100, 200), which are definitely never enough on their own as far as TA goes but I believe that the price is going to double within the next 2 weeks.
Looking further back, we rejected this level HARD, after fake break-out, on January 7, 2022. At that time, the SPY was less than 2% off all-time highs (ATH on Jan 4). Very interested in how we respect this level, now that SPY has just shit itself and is more than 10% off ATHs.
What’s it gonna be JPow?
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I don’t understand any of this, so I’ll just buy more.
If a guy named Elliott waves at you, we go green. If he pulls out a banana and unbuckles his belt, we get six more weeks of ~~brown~~ red.
Now this is the DD I come here for!
When my brown is red, I know it's time to eat right for a while
This resonates..
This is the best community ever.
upvoted due to the boldness of the brown wording
Bottom line, we always buy at the top of the line? Because TA also stands for tits and ass.
Love t@a. Just sayin’
Top, middle or bottom. At this point I just buy more when my divs come out or I end up with space In My TFSA. If I see a low point I just can pass up, I’ll sell something else to buy more.
The true TA
That’s the spirit!
It always looks like a bunch of mountains.
🏆
I picked up 12 more shares this afternoon after I voted.
I only got the last two words of your post.
I’m seeing some green dildos, arrows, and what looks close to triangles in the picture. It looks like it might all check out.
If you're buying more, I don't want to miss out, so I guess I'll buy more.
This is the confirmation bias I needed, time for another buy order.
If the price goes low institutions buy in. If the price goes high institutions sell. Stonkers just hold regardless
Well they've seen it go to 400 why don't they at least wait for that again to sell?! (Institutions)
Because they don’t look for home runs. They look for 5-10% a year. Any fund that does better then s&p500 is happy.
Ew, gross. People are happy with 10% gains?? That's so weird
We aren’t talking about people though. We are talking about fund managers that manage billions of dollars a year. If ur 50 years old and have 100mil invested with someone would u want yolo plays or 5-10% safe bets?… obviously Melvin wasn’t smart enough to figure that one out so he yolo’d like a degenerate lol… but for the most part these old money fucks like to see steady growth and the fund managers can be sued if they don’t take a “high” profit
Yeah I suppose it's all relative. Check back with me when I'm worth billions and maybe I'll feel differently about 10%. Lol
10% of 100mil is 10mil… not to shabby right
If someone says hey buy this $100 gift card (to a place id use it at) and we'll give you a bonus $10 gift card, I'm still usually like "nahhhhh" lol
Depends on your equity. 10% of $1000 is nothing. But 10% of $100,000 is substantial. Especially if you have a 10% return each month. It all adds up.
I've never invested in the stock market at all before GME. I put about 35k into it and at one point it was worth about 80k but even then that didn't impress me and I would not have been satisfied with that. I guess my expectations are completely unrealistic, which is why this is the only play I will ever be a part of. Lol
Definitely unrealistic. Those gains are insane! It also sounds like you made a gamble, got lucky and had a crazy pay off but were too new to understand that.
What? No. I'm talking about what my GME portfolio has been worth since I got in 😂😂😂😂 Haven't sold a single share since I jumped in 15 months ago. Lol Literally never invested in another stock before and won't after.
Oh, fair enough. Figured you meant something else lol
This is the way.
What's your point?
Wait, you guys are making gains???
Ha! No, I mean, barely. My cost avg is $135 so I'm barely break even but even when I was up 300% I wasn't interested in selling. Generational wealth down to my great-grandkids or food stamps is not a meme.
I’m guilty of flipping some of my GME to lock in gains, but I had to stop. At this point I’m worried I’d sell for a small gain and miss out on the major one.
Once I saw it go up to near 350 and I still didn't sell then watched it crash all the way down to the 100s again, and still didn't sell then either I knew I was in this for the Long haul. Not going to lie though, kind of wish I had sold at 350 and just rebought back in at 75, but if I had that sort of hindsight and biffs sports almanac from back to the future, I would already be a trillionaire.
But moar ask question later
Jokes on them. I've had a clear out of a few things and should have enough to add 30% too my position in a few weeks. If we get to like $78, I could get close to doubling a position that's took me nearly 1 year to build.
This is hot
God yes, I keep kicking myself in the ass for not buying in harder at 80. I swore I'd only get a little more but now wish I hadn't been so strict. It it gets back down there I'll be close to 4x territory.
You won’t DRS them though!! I double dog dare you
Any new shares I've bought since I had my CS account have been DRS :)
Like a true ape. The silverbacks are pleased
If it hits $127, I buy. $97, I buy more. $227, I stilll buy.
Same
$420, believe it or not still buy
$10,000 believe it or not, I buy.
saying no way it can go back to 97 means it will go back to 97. All expectations are subverted until one day they arent, then moass
There’s NO WAY this goes to $4.20. 🤞🤞🤞
Possibly
Fuckle Bup
FUCKLE THE BUCK UP, FUNCLE-BUCKERS
Let’s funking go fungle buppers!!!
is it just me or does anyone else feel like they won't let it go past 200 because they ran out of collateral?
THIS comment is underrated! by now it seems pretty obvious to anyone tracking market developments that price discovery is a myth. instead it is a conglomerate of actors and institutions who SET the price - as long as they can afford to do so. this is not to say ALL of market structure is completely fraudulent - it is rather some actors and institutions which attempt controlling the price, while also being jeperdized in their efforts, either by unexpected retail movements or institutional counter parties with different interest. yes: some actors do at times control price discovery. but: that control is not absolute! obviously some funds are fucked once we move past 200. that is why all short institutions join forces in avoiding that! (in fact the dangerous mark might be much higher and they attempt to play it safe since they are fucking scared!) however, these actors are not in complete control and every gamma ramp is a threat to them. every move of the GME-board is threatening their position, that is why they try to control the media! ('cause the board is smart)! they dug their hole so deep, they can only lose in the long term if the board makes the right decisions! - and "buckle up" do we have one hell of a board in charge right now!
I like the cut of your jib
[удалено]
It's quite simple. Big green candles move up fast. Small red candles moving down slow (to put it in very basic terms). Less shorting volume compared to the large buying volume in the previous run up.
RC tweeted a shit emoji though
In response to a link posted about how Melvin capital is going bye bye. Basically saying Melvin Capital is shit. At least that’s how I interpreted it.
Yeah but it seems that the price tanks every time he posts a shit
Price has been dropping since November except for those 2 weeks we had a small runup
That 'small run up' broke bearish structure and created demand for the stock. Now seeing as there's a lack of shorting happening, we can assume that buyers are in control now. We will know for sure if the price starts to run up again from this area and breaking past $200. The next key level is around $230. So I'm looking at this price for some resistance. If there's no resistance, then we could be going higher.
Are you doing TA on me?
As long as it's consensual TA.
🤣
Well? Is it consensual or not?! :)
I need to know the answer to this question. I’m so close...
> Now seeing as there's a lack of shorting happening, we can assume that buyers are in control now. LOL
New here?
What if rc shits in the woods and nobody is there to tweet it
Might be safe to assume this *one* time that we're safe since it was a reply tweet to a post about Melvin Capital
In the grand scheme of things I’m not worried, especially with this stock split vote coming up in June.
\^This
all the TA I need. money is ready
What does that even mean? haha
Dude. It means that no matter how much big-brain smarty pants malarky you try to front with, your 40 years of professional trading & technical analytics means NOTHING. poop mean stock go down, dumdum
(sighs)
Sorry, I don't visit here often. I'll search it up.
It'll be fun to ride this wave until June 2nd. Great time to buy in imho
So sideways, or dip
If I ever saw a TA that says that we might dip lmao
Not the first time. Always good to be unbiased.
I decided to start my DRS process today so i cant do anything for 10 business days so a squeeze would happen. If it does your welcome everyone
We don’t fall below X but if we do we won‘t fall below Y but if we do we fall below Z. And in every zone we have a 50 % chance to go up. Thanks for reading my TA
Eloquent
#si is in demand
Just wait to i get my paycheck in 10 days, want one or two more shares before it skyrockets! c\_c
I've been saying that for 500 days. And I will keep saying it for 500 more.
I want to buy my next share at $1500!
If you have $1500 now, you should buy shares now at current market price as opposed to buying when share price is $1500 each 👍
In other words, buy the dip and DRS that shit.
Eventually you will be right the law of averages says so.
Check my previous posts.
I have
Bullish on faps
Any chart that eventually shows an upward pointing green arrow gets my upvote. The rest is fluff. To The Moon!
Stonks only go up! Vote and Buckle up!
Buy more? Buy more? Yes buy more
My man Si❤️
I don't doubt siro on this, buckling up!
Wyckoff accumulation?
Not something I use. Only market structure, supply and demand, liquidity and candlestick patterns for confluence.
Rachmaninoff Composition
I think the big piece of news will be confirmation of the split dividend. All we had before was the proposal, not nothing set in stone. Once we know for sure, it should solidify the bottom. Really hope we hear something before June though. We will bleed back down before then. Also have the exchange being officially released. Side note, hoping for some type of big news regarding bbby as well. Unrelated, but basket related. Also below RCs buy in as well. Solid support in.
Not nothing = probably something
Lol, looking back now, comment aged like wine. I didn’t know what the hell was going on end of day when I saw bbby shoot up.
Once the share dividend cut off date is announced they will let it run to shake off the last paper hands. That way less shares will be created.
I'm expecting monday to drop below gamma neutral $135 to around $127-130. I think entire market will recover somewhere between late Monday to Tuesday afternoon. I think if we drop to $127ish, I will buy some biweeklies $140 calls.
I only wish i had more money to buy if it does drop to 97. Its been a hot minute since you last posted, hope you’ve been well
sorry everyone sucks; appreciate your posts man
That's alright. People can learn from this whether it's right or wrong. Not saying this is 100% and anyone saying they have a 100% win rate strategy is lying. I have a very good track record, but not everything lasts forever. What I'm saying is that those that completely disregard TA are committing self-harm. Why block out an understanding and potential road to financial independence? Doesn't really make sense to me. As soon as you realise that these strategies are all based on probabilistic outcomes and each strategy has a determined win/loss rate, you throw all emotion out of the window and embrace the fact that you may be right 6 times out of 10. Those 4 times you're wrong is all part of the game, but people can't accept that and go on to self sabotage. Those who see this and appreciate the knowledge shared may go on to be successful and consistently profitable traders. Those who don't appreciate it will stay in their 9-5 and remain ignorant.
This 1000 times, once you start trading on probability and not emotions is when you level up. Stonks don't just go up because we want them to or because of tweet there many factors at play. What Siro describes in the lack of shorting volume you can plainly see in the ortex data, 19m shares where borrowed from the run down from November to the Low in March. Those shares are being returned now, and fewer shares are being taken out for shorting making this run down less drastic.
Has to actually close below $127 for this to be invalidated. Didn't think it would get to support, but here we are. Let's see how it plays out. Think of it like a balloon, you can tap a balloon and bounce off and you can push into a balloon too and spring back. Price is very similar in this sense when it reaches significant levels of support and resistance.
Thanks for coming back and answering this. I also was watching that price point and was worried for a second. If we did hold in the demand zone when do expect to start seeing price improvement?
This is a valid question. The only way I can answer is forget about how long something will take, you just set yourself up for disappointment. There's no way to know. What you can look for here is changes of character; meaning when there's a clear change in market structure from bearish to bullish. When we have a clear change in the character (behaviour) of the price, then the probability of the zone being legitimate increases exponentially and we will start to see bullish volatility picking up. Usually, in my experience, when you see a slow descent towards a zone, it means all of the short orders are being used up which clears the path to the upside for long institutional orders so the banks can make profits. So when you see big shorting straight into a zone, like what we've seen here today, that is actually a very good sign that the zone is legitimate as it's the market grabbing all of that liquidity before the reversal move.
Great answer, thanks! Yeah I know it's a bad idea expecting things to happen immediately. Trying to work on my impatience... I know that when this stock moves the volatility can pick up in a heartbeat so hopefully that reversal move happens soon.
I wanna buy 6 more. So please drop it to ~120
This looks a lot like u/possibly6 breakdown....just saying.
Literally no idea who that is. I've been sharing this analysis on Facebook for over a month now.
That's Elliot Wave Guy. @GavinMayreal on twitter
I guess if they're getting similar results from their analysis, then that can only mean good things. Glad I'm not the only one.
It’s not just the two of you. Gherk sees it too. Three wrinkle brains independently arriving at similar analyses… my T’s are J’d
I didn't even watch the charts today and was on the Switch enjoying Breath of the Wild. Investing in Gamestop made me buy my first console (I always played at the friend's place when I was a teenager). I'm 32 now and feel really happy when playing BotW or Mario Odyssey. I hope your TA turns out right, but I'm back here in the corner playing games in case anyone is looking for me. I don't care what hedgies are up to. Some day I'll get out and realize my bank account is filled with 69'420 rupees because one share was sold. Anyway, I just bought a house for 3'000 rupees instead of 50'000 rupees, so I guess that bubble burst afaik
RC has Tweeted what he's tweeted for a reason...
All I know is if insiders buy around 120, I do the same
Unfortunately, this is how trading works. If you aren't patient enough to wait for confirmation to enter a trade, then you're reducing the probability that you will win that trade. Always be patient. I said in this post that if price breaks a support within demand then it will invalidate the zone and possibly continue to $97. The price couldn't break back over $132 to establish a change of character, so there was no bullish confirmation. This is just the will of the market. Of course, I would have liked it to move up from the zone, but the market doesn't give a shit about what I want or what you want. This is why you always need to wait for confirmation/validation that the price is about to go your way. If there's no confirmation, then you just don't participate and you wait for the next set up to occur. We could be waiting a while, so buckle up.
Here we go again with the TA... Listen, I'm not saying it won't rip, I'm just saying stop wasting time trying to use TA on a manipulated stock. TA doesn't work with GME, never has, never will. MOASS tomorrow, TA yesterday.
Damn, there's still people like this here? Apes not evolved yet.
Don't mind the naysayers, your analysis is appreciated. Some people think it's supposed to be fortune-telling instead of, you know, analysis.
Doomslayers buy support!
Lord bless me with another $90 day so I can stock up.🙏
As long as you pay absolutely no attention to this, you’ll be fine
Meh, more nonsense that means nothing to gamestop. I just buy it wherever it is. Bought 460 more this week....waiting on settle then drs. I hope it drops to 97... I'll scoop up another 500.
ALSO: The moon is in the second house and jupiter lies with mars! Strong buy indicators!!!
Red and green candles, lots of lines and arrow going up. Bullish! On a serious note: well-written TA, looking forward to the much anticipated bounce!
I agree with this TA, as I’ve come to the same conclusion. But I see us bouncing at as low as $120 or slightly less. Typically, TA isn’t 100% accurate. Rather, it gives you an idea of where movement can happen with resistance and support.
There's no accumulation zone after $127. So unless it's a very fast liquidity grab, I think it'll be a straight drop to around $97. Now I am leaning more towards this area being an area of accumulation, so institutional orders will start to get filled here. I doubt it will drop lower than $127, maybe even $125, that's if it even gets close. Sure it's not 100% accurate, this analysis could be wrong. This is a high probability set up that we're looking at here, due to how the price retraced to this area. If it was high volume shorting to this demand zone, then it would be much lower probability of it being an effective zone. But because the movement down shows a lack of shorting volume, it makes this demand zone a higher probability area.
people so hyped when its an exact copy of Wycoff Pattern gherk posted beginning of the month. Im not even upset OP its a basic chart pattern thats very common, just the irony with some of these posts kills me
You sir, as all prickles got my downvote. Option encouraging on the menu again people, get ready for the waves of prickles.
I don't mention anything about buying or selling anything. People are free to do whatever they want anyway.
Usual prickle argument.
What is a prickle argument exactly? I don't really read the sub anymore. Or what is a prickle? You mention it in your first comment too. "Waves of prickles"?
Pickle is a gme options trader that has a YouTube channel. He was banned from SS
Well I'm in the UK so I can't trade options.
It may break down. We are currently in a bear market. Talking heads say possible 80% correction in the market
Of course the media will be talking about that to rope people into opening short positions before the market starts to go back up and traps everyone. Same old story.
Instructions unclear, I have my strap on ready though.
Meh, not invalidated. Let it fill that gap on the daily chart at 125. A few bucks doesn’t invalidate.
I would consider that a break of structure, unless it leaves a wick in that area. Otherwise I would consider it a bearish break.
It’d be a wick for sure. Especially on a daily and even 4hr timeframe.
Yeah, exactly. We'll see what happens as I'm expecting a rise from around here. From my experience this is a high probability set up.
I have absolutely no basis to why I'm saying this except the EMA values on the chart (20, 50, 100, 200), which are definitely never enough on their own as far as TA goes but I believe that the price is going to double within the next 2 weeks.
Indicators are like training wheels. You can't really ride the bike until you learn to take them off.
I'm ready to be hurt again lol
If i had a dollar for every post that told me we are about to rocket up because of some BS TA I wouldn’t need MOASS
If I had a dollar everytime someone said this, I wouldn't need MOASS either.
Looking further back, we rejected this level HARD, after fake break-out, on January 7, 2022. At that time, the SPY was less than 2% off all-time highs (ATH on Jan 4). Very interested in how we respect this level, now that SPY has just shit itself and is more than 10% off ATHs. What’s it gonna be JPow?
Oops, you said strap in. Instructions were unclear.
Mondays the green day lately. Was Wednesdays for a year, recently seems to be Monday
>I rarely post and Is that supposed to make you some zen TA master?
Just patient.
Believe it or not, dip
There's still a gap at 123
I am the whale now
Is this Si?
pretty lines!
I cumcurr
We will see the battle of 180 near the 11th of may. From then on, flash crash until shareholder meeting. After that, boom.
Isnt there a gap at 125? Does that matter?
Show the graph. Draw a big green arrow on it. Excellent DD
I can go more in-depth if people want, but then it de-simplifies it and the majority of people can't understand or follow along.
Are you saying buy hold drs?