gamestop cup and handle whats next? pour NYSE:GME par cerealindicator

gamestop cup and handle whats next?

this isnt the strongest pattern for vull continuation, but if it does follow through i expect well see $25 soon. if we dont continue the pattern ill look for a pullback to the $21 region. the stock seems like it is ready to make larger swings now that its held some form of a daily to weekly uptrend. were still battlign a bear trendline of resistance since the last large monthly move and subsequent volatility, but it seems to be subsiding somewhat.

im looking at curred dPOC as the pattern pivot, and if we hold that level forming a range above open id look for the next market structure trailing stop area/VAH region to take profit long. if we break fown below dPOC and form bear momentum under the mPOC id look for lower POC and VAL to take profit short.

Note

i zoomed out so you can see the larger pattern of market structure areas that are bull or bear extremes

the stock would be overbought or oversold weekly in these zones

Note

zooming out further there are all these weekly levels to watch

cerealindicator

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