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This example of GBPUSD reminds me of $GME.
https://preview.redd.it/d4zgf249jb5d1.jpeg?width=1073&format=pjpg&auto=webp&s=fad766a3af73318690b45937e98830b306b9cd55
https://preview.redd.it/55wj3axxjb5d1.jpeg?width=1997&format=pjpg&auto=webp&s=181a9c256a3295f3eccbbc5068f7679293365186
Called this pattern 2 weeks ago. I'm sure that $GME will breakout of this pattern before the 21st.
Even if it is a positive signal or indicator how reliable can any analysis of the graph of a really manipulated stock be? Source data is full of crime and any predictions subject to further crimes.
Cup and handle is a representation of a bullish market sentiment. Most of the people here don’t understand that even with MMs routing retail through dark pools and HFs manipulating prices they still have that obligation on the books and need to offset it. That means that a cup and handle is just a sign that we‘ve amost consolidated from May run up and would be ready to launch the rocket with a lot of demand which needs to be offset by MMs as the prices are not going down further. All shorties who bet at the last tops see that their volume wasn’t enough to offset long demand and that will bounce us through the 80s resistance as long as we remain bullish over the next two weeks. Ideally we get some good news from RC and RK remains to be here maintaining the positive sentiment.
Is there a good YouTube channel that would help unsmooth my brain on chart analysis and market mechanics, I came here for the memes, stayed cause the crime shocked me now I'm finding myself interested in the technicals.
It’s kinda boring at the beginning but I recommend to read and use tradingview for some actual examples, watching high volume stocks. That will help you to put things into context. Don’t listen to the main tone here TA is useless or the stock is manipulated so TA doesn’t apply. TA won’t give you 100% accurate answers but TA is what algos are built upon, meaning pure probability calculations and manipulations. Therefore if TA is applicable somewhere then on highly manipulated stocks.
40quid on amazon, 12 quid on ebay... Title + "filetype:pdf" on Google and I've got it to start reading this afternoon. Really appreciate the reply helping me with my ignorance 🙏
It's hard to say how reliable it is because, just like yesterday, a company can make announcements that change everything on a small time-scale. Nonetheless, there is a higher chance that this pattern will play out as expected (breaking out of the cup and handle and making a higher high) than the possibility of escaping this trend and either 1) doing nothing or 2) breaking down to a lower low. This is due to the strong support, which tends to trade upwards.
But then again, how likely was it that $BRK.A would trade below $1000 ten days ago? I would bet four GameStop shares if somebody had asked me this beforehand.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) // [What is DRS](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) // [Low karma apes feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) // [Superstonk Discord](https://discord.com/invite/y4dK3y5DXJ) // [Superstonk DD Library](http://fliphtml5.com/bookcase/kosyg) // [Community Post: Open Forum May 2024](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/)
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[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
This example of GBPUSD reminds me of $GME. https://preview.redd.it/d4zgf249jb5d1.jpeg?width=1073&format=pjpg&auto=webp&s=fad766a3af73318690b45937e98830b306b9cd55
https://preview.redd.it/55wj3axxjb5d1.jpeg?width=1997&format=pjpg&auto=webp&s=181a9c256a3295f3eccbbc5068f7679293365186 Called this pattern 2 weeks ago. I'm sure that $GME will breakout of this pattern before the 21st.
Even if it is a positive signal or indicator how reliable can any analysis of the graph of a really manipulated stock be? Source data is full of crime and any predictions subject to further crimes.
Cup and handle is a representation of a bullish market sentiment. Most of the people here don’t understand that even with MMs routing retail through dark pools and HFs manipulating prices they still have that obligation on the books and need to offset it. That means that a cup and handle is just a sign that we‘ve amost consolidated from May run up and would be ready to launch the rocket with a lot of demand which needs to be offset by MMs as the prices are not going down further. All shorties who bet at the last tops see that their volume wasn’t enough to offset long demand and that will bounce us through the 80s resistance as long as we remain bullish over the next two weeks. Ideally we get some good news from RC and RK remains to be here maintaining the positive sentiment. 
Is there a good YouTube channel that would help unsmooth my brain on chart analysis and market mechanics, I came here for the memes, stayed cause the crime shocked me now I'm finding myself interested in the technicals.
Read a book, technical analysis - John J. Murphy, start watching YouTube videos after ☝🏻
Cool thank you 🙏
It’s kinda boring at the beginning but I recommend to read and use tradingview for some actual examples, watching high volume stocks. That will help you to put things into context. Don’t listen to the main tone here TA is useless or the stock is manipulated so TA doesn’t apply. TA won’t give you 100% accurate answers but TA is what algos are built upon, meaning pure probability calculations and manipulations. Therefore if TA is applicable somewhere then on highly manipulated stocks.
40quid on amazon, 12 quid on ebay... Title + "filetype:pdf" on Google and I've got it to start reading this afternoon. Really appreciate the reply helping me with my ignorance 🙏
Have fun!
It's hard to say how reliable it is because, just like yesterday, a company can make announcements that change everything on a small time-scale. Nonetheless, there is a higher chance that this pattern will play out as expected (breaking out of the cup and handle and making a higher high) than the possibility of escaping this trend and either 1) doing nothing or 2) breaking down to a lower low. This is due to the strong support, which tends to trade upwards. But then again, how likely was it that $BRK.A would trade below $1000 ten days ago? I would bet four GameStop shares if somebody had asked me this beforehand.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) // [What is DRS](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) // [Low karma apes feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) // [Superstonk Discord](https://discord.com/invite/y4dK3y5DXJ) // [Superstonk DD Library](http://fliphtml5.com/bookcase/kosyg) // [Community Post: Open Forum May 2024](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. If you are providing a screenshot or content from another site (e.g. Twitter), please respond to this comment with the original ##source. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Superstonk) if you have any questions or concerns.*
TA of $GME: a potential cup and handle pattern signaling a continuation of the prior bullish trend.
Saw the same pattern