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squarerootof9
Dec 1, 2021 11:15 PM

AMC -- The Cycle, Redux Long

AMC Entertainment Holdings, Inc.NYSE

Description

Previously (see link to chart below) I posted a simplified cycle analysis based on the work of @MrBooksy (on twitter). In that chart, I looked at the daily timeframe and noticed similar patterns of movement recurring in each cycle, with the pattern of the patterns growing more complex at each new consolidation level. Today, I noted AMC's volume returned to the exact point it was at on Jan 6, 2021. And, when I saw that, the pattern outlined here was SUPER clear to me. Obviously, we can't see into the future, so I can't with any confidence tell you that today = Jan 6... nor would that be wise, because Yellow Box 1 = 316 trading days, whereas Yellow Box 2 = 132 days.

I've just begun to look at the volume correlation between the two zones on comparable timeframes. If that turns anything up, I'll update.

Please select "Make This Chart Mine" if you would like to play with this idea or help contribute to it in any way. We're in this together.
Comments
guruncapital
Sure will go with another cycle now
Sahil7572
That is quite similar wow, honestly hope its not coincidence, because it sure doesn't look like it
ary2001
great analysis
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