GME dorito
here is some lines!
this is a chart!
grene line - seems most logical as it ignores the wick of 1/28/2021 but does value the next trading day after the rug was pulled. actually there are only 3 times we cross the green line and it only happens on a daily wick. over time the wedge has shifted a bit (note the other teal/light blue colored lines) but I attribute this to inaccurate assessments made previously due to less time/price data.
teal line - this one ignores all wicks from jan 2021 events and is drawn to the march 2022 peak, but also ignores the wick. i'm unsure if we should consider the wicks or not when taking this wedge into account. if we don't we find ourselves in a very tight wedge where we almost broke out in the 2022 march run (where the lower teal line intersects the green line)
light blue - i have updated this one many times in the past but overall consider it a relatively weak wedge indicator, however when drawn from the peak of jan 2021 (counting wick) to any other peak (counting wick) there is usually a breakout when price exceeds this line (see march 2022). I stopped updating this line in march 2022. so this to me is that the events of 1/28/2021 should not really have the wick considered.
this is a chart!
grene line - seems most logical as it ignores the wick of 1/28/2021 but does value the next trading day after the rug was pulled. actually there are only 3 times we cross the green line and it only happens on a daily wick. over time the wedge has shifted a bit (note the other teal/light blue colored lines) but I attribute this to inaccurate assessments made previously due to less time/price data.
teal line - this one ignores all wicks from jan 2021 events and is drawn to the march 2022 peak, but also ignores the wick. i'm unsure if we should consider the wicks or not when taking this wedge into account. if we don't we find ourselves in a very tight wedge where we almost broke out in the 2022 march run (where the lower teal line intersects the green line)
light blue - i have updated this one many times in the past but overall consider it a relatively weak wedge indicator, however when drawn from the peak of jan 2021 (counting wick) to any other peak (counting wick) there is usually a breakout when price exceeds this line (see march 2022). I stopped updating this line in march 2022. so this to me is that the events of 1/28/2021 should not really have the wick considered.
Penafian
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