Quick Introduction:
I am brand new to trading and have been working on learning the technical side of trading. I am hoping to do this for a living one day. I am currently in the practice and learning stage. I have been doing a lot of practice charting lately and would greatly appreciate feedback and pointers to help improve and refine my skills. I would love to get some feedback on this chart if anyone has some extra time to check it out. Thanks!
AMC Chart Explanation:
This chart on AMC is intended for a reversal move. There are monthly, weekly, daily, 4 hour, 1 hour, and 15 minute trends charted. Each time frame has a relevant wedge charted, relevant up/down trends, and untested levels marked at the trend high of the relevant downtrends. The charting is all fractally done from the monthly to the 15 minute time frames. Lower time-framed levels are not visible on the larger time frames to prevent chart congestion. Each time frame has been put in its own object tree. The chart starts at the beginning of AMC's monthly downtrend.
AMC Chart Key:
Monthly Trends- White
Weekly Trends- Purple
Daily Trends- Red
4h Trends- Yellow
1h Trends- Teal
15m Trends- Pink
PS: I do not plan on making this trade nor do I think AMC will see a reversal. This is just for me to get some charting practice and to receive feedback from more experienced traders. I have also posted my other fractal charts on AMC.
I am brand new to trading and have been working on learning the technical side of trading. I am hoping to do this for a living one day. I am currently in the practice and learning stage. I have been doing a lot of practice charting lately and would greatly appreciate feedback and pointers to help improve and refine my skills. I would love to get some feedback on this chart if anyone has some extra time to check it out. Thanks!
AMC Chart Explanation:
This chart on AMC is intended for a reversal move. There are monthly, weekly, daily, 4 hour, 1 hour, and 15 minute trends charted. Each time frame has a relevant wedge charted, relevant up/down trends, and untested levels marked at the trend high of the relevant downtrends. The charting is all fractally done from the monthly to the 15 minute time frames. Lower time-framed levels are not visible on the larger time frames to prevent chart congestion. Each time frame has been put in its own object tree. The chart starts at the beginning of AMC's monthly downtrend.
AMC Chart Key:
Monthly Trends- White
Weekly Trends- Purple
Daily Trends- Red
4h Trends- Yellow
1h Trends- Teal
15m Trends- Pink
PS: I do not plan on making this trade nor do I think AMC will see a reversal. This is just for me to get some charting practice and to receive feedback from more experienced traders. I have also posted my other fractal charts on AMC.