Moving Wen Moon series to Technical Analysis directory

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Wen Moon ? [TA/DD/Elliot Wave/Gamma Squeeze(Options)]
=====================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/MOSfriedeggs](https://www.reddit.com/user/MOSfriedeggs/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n2witz/wen_moon_taddelliot_wavegamma_squeezeoptions/) |
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[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
Hello follow apes 🦍 this DD/TA post is a combination of my own smooth brain chart TA and the analysis of a professional trader and Youtuber named Andrew a.k.a Trading Sciences *(link at the end of the post)* Elliot Wave Theory/Options Chain Analysis.
This is going to be short and straight to the point as I want a maximum of Apes to understand what\
might happen next week with our favorite stock. Please keep in mind these dates and prices are not set in stone, but will give you a general idea of where we could be going and what might end up happening this month. 🚀
Part I : MOAW (Mother Of All Wedges)
What Is a Wedge? ([source](https://www.investopedia.com/terms/w/wedge.asp))
*A wedge is a price pattern marked by converging trend lines on a price chart. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action.*
In this picture the *Yellow lines* represent our *MOAW***,** the green line represents the approximative price where *Elliot's Waves* converge it's also a great resistance/support. The blue line was made using our lowest and highest point from January 27th to try and illustrate how explosive the stock can be in the right circumstances in this case I was estimating a price of around 600$, triggering a massive gamma squeeze in the process and putting insane pressure on the short sellers.
I've try to draw this wedge using different prices and the result all pointed in the same direction, as you can see we we will be breaking out the giant Doritos somewhere around the end of next week.
[Doritos and crayons](https://preview.redd.it/zx322414hlw61.png?width=805&format=png&auto=webp&s=3773edd19aeecc37a25cc00cc792552d8aa634bd)
![image](https://user-images.githubusercontent.com/82035192/124387476-dde21900-dcac-11eb-8acd-d080bca4f3aa.png)
Part II : MacDaddy
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. ([source](https://www.investopedia.com/terms/m/macd.asp))
As some of you might have noticed the MACD on the daily timeframe has been green for 3 trading days now, if we look at our last two run-up it took 7-8 trading days from the time the MACD turned green to the time it peaked, if history repeat hitself we would hit another peak somewhere around thursday/friday right on schedual to break out the Doritos.
[MACD](https://preview.redd.it/btwqsz07hlw61.png?width=539&format=png&auto=webp&s=afa64fd31dbc5a33fa3188d749c95a4a9b6dd583)
![image](https://user-images.githubusercontent.com/82035192/124387488-e76b8100-dcac-11eb-8d36-1a59717915c6.png)
[3 days after MACD crossover](https://preview.redd.it/945rp457klw61.png?width=430&format=png&auto=webp&s=950cb872e243ba97dca84c39c9dd80b700a6ad53)
![image](https://user-images.githubusercontent.com/82035192/124387495-ee928f00-dcac-11eb-8281-e4a5491bd2c4.png)
[wen moon?](https://preview.redd.it/dk7uajibklw61.png?width=440&format=png&auto=webp&s=0d1a61f75d6a71ba9db85b083bdd3277364b3ba9)
![image](https://user-images.githubusercontent.com/82035192/124387503-f5210680-dcac-11eb-92d8-00fcc08ad0f0.png)
PART III : Elliot Wave Theory
In his [*video*](https://youtu.be/GDeMralCaiY?t=130) Andew predict the price action, he explain in detail that according to Elliot Wave theory we would hit a stock price of approx. 216$ish erly next week *(Green line in the first picture/ Green circle in the picture underneath)*\
following a possible correction, where apes would buy the dip en masse as usual. From there, it's impossible to predict the exact price but according to his analysis it would be around 800$+**. (Keep that in mind for the next part)**
[Elliot Wave](https://preview.redd.it/du60t9adklw61.png?width=806&format=png&auto=webp&s=340a1ccbf40b3d22b215ea1df749723e5fe348ee)
![image](https://user-images.githubusercontent.com/82035192/124387510-fb16e780-dcac-11eb-9b01-8b6d1d09c247.png)
Part IV : Gamma Squeeze
A "gamma squeeze" is a trading terminology that refers to massive call buying leading to higher stock prices, which leads to more call buying, a higher stock price and so on.
For a gamma squeeze to start, a group of small retail traders or one big trader betting that a stock will rise buy short-dated call options in the underlying stock.
Once they buy these call options, the investment banks and intuitional investors that sell them essentially become short the underlying stock.
Should the traders buy more call options, market makers and institutional brokers will be forced to buy more shares of the underlying stock to hedge their short position.
Just like a short squeeze, as the price of a stock begins to go up and traders increase their call positions, market makers are forced to buy the underlying the stock thus pushing its price higher.
Investors selling or writing the call are hoping the price will fall, but like going short, the downside can technically be limitless because the stock can keep on climbing instead of dropping to zero.
If a stock has low liquidity, the latter can cause the share price to rise even further, forcing brokerages to purchase even more shares as the value of their exposure increases further as the share price gets closer to the strike price of call options.
Wheter its 200$/300$/400$/600$/800$ doesn't matter, Hedgies are fucked. By looking at the picture below I hope you understand why they fought so hard to keep the price below 180$ this week. if you want more in depth explanations on this, watch the video I [linked](https://youtu.be/GDeMralCaiY?t=461) below at the 7:41 mark where he compares GME to other stocks and tell us why this is very bullish.\
Someone can correct me if I'm wrong, but in theory if we go above 200$ it could create a domino effect of FOMO/*gamma squeeze* that will then trigger a *MOASS* completly annihilating short sellers in the process.
[Options go STONK!!!](https://preview.redd.it/6skqhhleklw61.png?width=672&format=png&auto=webp&s=e15133270aecbbe6907f096da66635064ecf0575)
![image](https://user-images.githubusercontent.com/82035192/124387523-02d68c00-dcad-11eb-8b46-dcb97d9e7d3d.png)
*TLDR :*\
Buy and HOLD. MACD, giant Wedge, Elliot Wave Theory and Options are extremly bullish for next week. I Know TA is not 100% reliable on GME, this is only my personal opinion and not financial advice.
*Trading Sciences video on EWT/Options :*\
<https://www.youtube.com/watch?v=GDeMralCaiY>
Only reason this will work is because I know most APES by now have hands as hard as [💎](https://emojipedia.org/gem-stone/) and would never sell at a low price. Remember the upside is limitless 🚀\
I apologize in advance for mistakes as english isn't my first language.

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wen moon ? II : wen in doubt ¦
==============================
| Author | Source |
| :-------------: |:-------------:|
| [u/MOSfriedeggs](https://www.reddit.com/user/MOSfriedeggs/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n4b6kf/wen_moon_ii_wen_in_doubt/) |
---
[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
Greetings 🦍 I wanted to do a quick follow up on my last [*DD*](https://www.reddit.com/r/Superstonk/comments/n2witz/wen_moon_taddelliot_wavegamma_squeezeoptions/) and give my opinion on what happened today and how it relates to my previous post. Also wanted to say thanks to everybody who took the time to read it, special shout out to those who gave awards. I will release part 3 next week-end to recap the week and give a review on how everything turned out. Once again this is gonna be straight to the point.
You can check out Part 1 [*here*](https://www.reddit.com/r/Superstonk/comments/n2witz/wen_moon_taddelliot_wavegamma_squeezeoptions/)
Part 1 : GUH ?
This morning large funds and their agents tried to short us into oblivion in an attempt to slow down our bullish momentum (What's behind 180 Kenny ?), we were breaking out the wedge ahead of schedual and they just couldn't let it happen. **(***See for yourself in the picture below)*. You can also see that their first attempt on may 30th wasn't succesful so they knew they had to go hard this time. In the next part, I will explain why I believe it doesn't matter as much as you'd think and why I believe it's desperation.
[![r/Superstonk - wen moon ? II : wen in doubt ¦](https://preview.redd.it/uu4duv2ukzw61.png?width=505&format=png&auto=webp&s=74c39eabed03c109963729621ae4c6b0b1bd1bb9)](https://preview.redd.it/uu4duv2ukzw61.png?width=505&format=png&auto=webp&s=74c39eabed03c109963729621ae4c6b0b1bd1bb9)
GUH?! really Kenny ?
Part 1 : The Unbreakable Trend Line
Ever since February Hedgies haven't been able to break the trendline represented by the **THICC dotted yellow line. (**also the bottom part of the wedge) Meaning, that agaisnt all odds we've been on a slow and steady climb. I believe this is due to the fact that we've doing such a great job at buying + holding 🚀 , (*as you can see from the pictures below)* , it's been a constant battle but we refused to gave them an inch.
The fight started to turn in our favor so they bombarded the shit out us this morning. this THICC line should be our launching pad, shorts want this to be the the edge of the world and make us crash down.
As you can see, even after today brutal attack we're still on course to break out. HOLDING STRONG as always. We don't like dates so much around here, but this week and cinqo de buyo *(shoutout to whoever came up with that name)* will be decisive *IMO* . *When in doubt Just zoom out bro*
😎
[![r/Superstonk - wen moon ? II : wen in doubt ¦](https://preview.redd.it/ic54j2x4jzw61.png?width=693&format=png&auto=webp&s=4b50a3a567a07a63e50765c5957a1edc826d412a)](https://preview.redd.it/ic54j2x4jzw61.png?width=693&format=png&auto=webp&s=4b50a3a567a07a63e50765c5957a1edc826d412a)
Daily time frame
[![r/Superstonk - wen moon ? II : wen in doubt ¦](https://preview.redd.it/g9l6g3f7jzw61.png?width=697&format=png&auto=webp&s=6f2296cd2039beac03429d2e432aaca99e6cbe00)](https://preview.redd.it/g9l6g3f7jzw61.png?width=697&format=png&auto=webp&s=6f2296cd2039beac03429d2e432aaca99e6cbe00)
4H time frame
[![r/Superstonk - wen moon ? II : wen in doubt ¦](https://preview.redd.it/aeeunf0jnzw61.png?width=777&format=png&auto=webp&s=8c58b59ee6679265160d51f016bb5c0c40a1573d)](https://preview.redd.it/aeeunf0jnzw61.png?width=777&format=png&auto=webp&s=8c58b59ee6679265160d51f016bb5c0c40a1573d)
1 Min
Part 3 : What's next ??? Wen moon ???
If we continue to trade above the THICC YELLOW LINE like we've been doing ever since February we will eventually see 200$ again 🐢, like I said in my previous *DD* Hedgies don't want that for obvious reasons.
I would expect the more of the same tommorow. Huge sell-off at open with us playing catch up all day trying to keep our head above water. Their goal will be to sink us below *154$, doing that would break the trendline for the first time and make us deviate from our momentum.* Expect fuckery and as always. BUY+HOLD 🙌 💎
If we manage to stay on course and break out the trendline on the 5th/6th with some decent volume, the stock could get really explosive like we all know it can.
*As always feel free to comment if you disagree, or if you want to say thanks it is much appreciated.*
This is only my personal opinion and not financial advice.

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wen moon ? III : Destroyer Of All FUD [TA/MOAW/Options/Elliot Wave/Gamma Squeeze/MOASS]
=======================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/MOSfriedeggs](https://www.reddit.com/user/MOSfriedeggs/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n7zf0l/wen_moon_iii_destroyer_of_all_fud/) |
---
[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
Greetings once again [🦍](https://emojipedia.org/gorilla/) as promised, this post will be a follow up on my two previous DD if you want to read them or challenge me on my predictions both links are below.
[I](https://www.reddit.com/r/Superstonk/comments/n2witz/wen_moon_taddelliot_wavegamma_squeezeoptions/) wen moon ?[II](https://www.reddit.com/r/Superstonk/comments/n4b6kf/wen_moon_ii_wen_in_doubt/). wen moon ? II : wen in doubt
Alot of Good DDs came out recently so I wanted to join in on the action and offer my own perspective I also wanted to follow up the prediction that were made last week. In combination I will back my observations using Wardenlive endgame [DD](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) and Trading Sciences TA [latest video](https://www.youtube.com/watch?v=riDSUjSdixA). Once again I'll keep everything short and straight to the point.
PART 1 : MOAW revisited (MOTHER OF ALL WEDGES)
*If you haven't read Warden* [*DD*](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) *on the MOAW i highly recommend it, my first* [*DD*](https://www.reddit.com/r/Superstonk/comments/n2witz/wen_moon_taddelliot_wavegamma_squeezeoptions/) *that came out a week prior also explains in sort of a* *TLDR* *version.*
As you can see on the images below we broke out the APEX of the wedge on the upside, finishing green on friday at 161.11$, this to me is extremly bullish. In my second [DD](https://www.reddit.com/r/Superstonk/comments/n4b6kf/wen_moon_ii_wen_in_doubt/) I predicted that last week Hedgies would try to bring us below that RED line to try and break our *bullish* momentum and ho boy! did they try. On monday and tuesday they attacked us viciously bringing in us down from 177 to 151.86.
Once again our diamonds hands prevailed.
[$GME broke out the MOAW on the upside (daily timeframe)](https://preview.redd.it/o8rqos64hyx61.png?width=624&format=png&auto=webp&s=645e405d9ebfa77d9231580dafab84eaff7cb893)
[$GME breakout of the MOAW (4h timeframe)](https://preview.redd.it/auqeq6s0jyx61.png?width=564&format=png&auto=webp&s=59d5ad02c653acf7a13068477ebba7a0f7c4c13a)
[Massive attacks Monday and Tuesday](https://preview.redd.it/oo5wbps9kyx61.png?width=382&format=png&auto=webp&s=3184c336d9fedfd61a646e2c3263e5614c16a30d)
PART II : The Unbreakable Trendline
In my second [DD](https://www.reddit.com/r/Superstonk/comments/n4b6kf/wen_moon_ii_wen_in_doubt/), I theorized that as long as this trendline would hold we would be in good shape, I've also pointed out that Hedgies would attack it hard, as they did earlier last week. I was happy to see that it held. If Shorts are not able to break it in the near future, we are gonna see 200 soon-ish meaning we are indeed inevitable mid-long term, find out why in part 3-4.
<https://preview.redd.it/i7drpjvflyx61.png?width=440&format=png&auto=webp&s=1c071a502cf6dbd34827c8f885dad5f16968c12c>
[Possible outcome over the next month](https://preview.redd.it/y9iq7yuelyx61.png?width=538&format=png&auto=webp&s=46ec06b20c10193acac8c01300d1c7970bf79c16)
[from WardenLine ENDGAME MOAW DD.](https://preview.redd.it/fawsvphtmyx61.png?width=1225&format=png&auto=webp&s=f31b3404b97d864751148a0898e6e18e3b9a69c1)
To ruin this trend they would need to sink Gamestop below 150-140 and decrease it's price daily over a month, but I don't see APES letting it happen because all we know is BUY+HODL 🚀.
[Kenny G wet dream](https://preview.redd.it/zs58s9thoyx61.png?width=380&format=png&auto=webp&s=dbeacc76fc214a130d7e508bbc1871089f66b651)
PART 3 : Elliot Wave Theory
In his latest upload titled [THE MOASS IS COMING](https://youtu.be/riDSUjSdixA?t=199) pro trader Trading Sciences explain why he thinks we are in complexe correction in regards to the Elliot Waves and gives possible scenarios as to where our beloved stock could land in the next few months, but he seems conviced that a price between 800$-2100$ is a possibility in the near future. This seems to in sync with my theory about our trendline, where over a few months the stonk will just slowly rise up despite hedge funds best effort to keep it down.
[800$+++ Target price](https://preview.redd.it/gd9el5d1ryx61.png?width=1218&format=png&auto=webp&s=8d952d148d7e3e93b68f5b4a48f4c140cce21f6c)
PART 4 : Options / Gamma Squeeze / MOASS
As far as Options goes nothing has really changed since my last post, things are still looking super bullish. Here's why; From 200$ up, Hedgies are massively exposed due to the ammount of synthetics shorts and the insane number of call options at the 200/300/400 and 800 strike price. As of right now Gamestop has a *40%* chance of trading above 800$ in july. Explanation in the [video](https://youtu.be/riDSUjSdixA?t=629) starts at 10:30.
<https://preview.redd.it/cab1v2i4vyx61.jpg?width=632&format=pjpg&auto=webp&s=cc219b5c647a9bf31875ab672c821bfb9eadce95>
TLDR : BUY + HOLD and vote !!!! , no but seriously all you have to do at this point and wait for the inevitable to happen I strongly believe that very soon Gamestop will break out. I will personally buy more in a few weeks and consolidate my xx @ 150. In regards to all the information in this DD, I believe we've been Bullish and on our way to the moon ever since DFV last tweet, he knew. Love you all and I hope you enjoy this post.