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Because that was the end of the 3 wave which started out of frame. https://elliottwave-forecast.com/elliott-wave-theory/

Yes, well wave 5, which will be the end of wave 1 on a higher degree... but when B fails to break 3 on its way to a 5 wave, 4 becomes A, and what would have been 5 becomes B...and now you can pull out the fibs for C. :)

I was thinking the same thing. :) This is a typical 7 swing (extended) correction. My favorite kind to trade. I fill out the entire correction first and adjust accordingly. All of these levels can be set by Fibonacci or measured moves, but I usually just eyeball it until it matters. This...

You know statistically where a wave will end, the new one will begin, and end etc.

Now that quote was from my phone, and looking at the chart I would assume we haven't completed the 3 wave because the pullback did not reach .382 which is typical for a 4 wave retrace.

What are you talking about? Definite calls? lol. Anybody who loads the boat on a "definite call" is gambling lol. I have plotted the possible outcomes based on statistics, including time frames, and price levels lol. Until certain levels are reached there is no way to know if its going to be...

Divergence is your friend. :)

There is no support and resistance levels in EW unless you are talking Fibonacci levels...price levels mean nothing. Complicated corrective waves? Corrective waves are how you take entries!

Indicator?? Lol what? EW is a method based on statistics. Have you not seen me chart 6 months out in the future? My entries and exits are months out always. I was buying JAN19 16 calls back in Sept months before the move. I've had this chart drawn in since A...and price is now approaching X...or...

What? It's the same cycles.

Well traders can think its meaningful, like a superstition I guess if it helps them. :)

The second push went almost the same distance as the first push with a disproportionate amount of volume. Volume and price have no meaningful correlation.

It wasn't the podcast. It wasn't the earnings. It wasn't the shorts. It wasn't the offering. It was the TA. :)

Time frames are irrelevant. Same price cycles at different degrees. IMO Elliott wave should be mandatory teaching for traders, like a drivers test is for drivers. If you don't have an understanding of EW then you are only seeing snapshots, not the big picture, so you formulate erroneous...

If you give me the ticker I can add fibs. It looks like 4 is actually to the right more with a wxy in between. Your problem is you are trying to trade breakouts like every other day trader. It is a losing strategy because breakouts using support and resistance don't exist. Also get rid of the...

Price did exactly what TA projected. I know there were catalysts like the earnings and releasing shares but that's always the case. These catalysts don't cause the drop..they are just congruent with the TA. This is why I ignore the news and earnings because they are inconsequential...already...

I guess liquidity is an issue according to the article, so by shorting he is locking in his gains until he can unload his calls.

He theoretically could exercise them. "One way for Gill to get around this and still make money, options traders said, would be to short 12 million shares of GameStop before the options expire. An investor going short borrows shares and sells them in the hopes of being able to buy back the...

Well the IV has left the building...bad earnings...share offering...kitty looked disheveled...but still holding technicals. This potential triangle was formed yesterday when we hit .618 fib, and when price was at $60 it needed to revert back to be valid, so there needed to be some catalysts...I...

He's still up 150M :)