Shown on the 65m chart, RSI crossed over 50, came back to test it twice, and gradually moved higher. Normally this "double dip" test plus a trade above the signal candle results in a strong move higher. In this case GME could move to 218-220 (white bar) to complete an inverse head & shoulder pattern, but first price has to get over 205 (dashed line).
On the daily chart there is a long bullish engulfing candle off the 50sma, which corresponds to RSI dipping below 50 and crossing back over. The 26 March candle triggered long with a trade higher than the signal candle (25 March). Price action seems to be taking a pause after last week's move up from 120.
A close over 26th open, 197.68, creates a nice 3-candle pattern with price closing back over 20sma. Candle patterns add strength (or caution) to other indicators; I do not use them as stand alone indicators.
On the daily chart there is a long bullish engulfing candle off the 50sma, which corresponds to RSI dipping below 50 and crossing back over. The 26 March candle triggered long with a trade higher than the signal candle (25 March). Price action seems to be taking a pause after last week's move up from 120.
A close over 26th open, 197.68, creates a nice 3-candle pattern with price closing back over 20sma. Candle patterns add strength (or caution) to other indicators; I do not use them as stand alone indicators.
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Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.