⚡15$ Support confirmed by VPVR node + golden pocket retracement + 200 week sma + 2 trendlines of support (Previous resistance) ⚡MFI breakout could lead to a massive rally ⚡18-20$ resistance confirmed by VPVR node + resistance trendline + 0.5 Fib ⚡23.5$ Ichimoku Cloud resistance ⚡0.236 Fib resistance needs to be broken for bullish price action ⚡Worst case...
Blue Line Predication- if it comes down to retest at $15.22 then it could just tap in for the 4th tap in order to push up for a retest at $15.65. The gray box is where it will tell me whether the market will bounce back up for a rest or continue going down for TP $14.75 Gold Line Predication- if it closes below the gray box or the blue line then it will continue...
Analysis... The impulse from the low of $1.90 to a high of $20.30(27Jan 21) was the beginning of the yellow intermediate degree wave 1. The correction of that degree brought the price of AMC stock to $5.23 which completed wave 2 in the yellow intermediate degree in-turn beginning wave 3 in yellow which should unfold in 5 wave in the red minor degree(one degree...
NYSE:AMC clear distribution playing out. Question is if it can hold the monthly key level (red) l. If not, watch out it may go all the way down to 12.90. Need to break green down trend for a sign of accumulation. But also, if it breaks back into the daily and 4hr, it can be a sign of reversal but it needs to hold that 4 hr level. Shout out CottonCandyTA, I'm...
NYSE:AMC Chart - Daily EMA (Exponential Moving Average): 20 EMA crossed the 50 EMA but couldn't hold for the next cross over 100 EMA. It is currently trending downwards towards the 50 EMA. TTM squeeze: All momentum is puff, gone. Squeezing downwards :( Fib levels: We now have a reversed fib and at .382 it's the beginning baaaaad news. It must fight off...
With all the excitement recently around the #wallstreetbets drama in #AMC many continue to chase the 'what if' and are looking at AMC as something it's not. AMC is the same company it has already been. Until AMC has a change in complexion in the chart structure -- the trend is your friend in the descending direction. Until the market structure of AMC changes on...
Hello, everyone. As the title described, this analysis is not professional, is just a basic observation of the candles in the chart, anything can happen at any moment and change every direction and pattern. Hope you all have a peaceful weekend. And I wish all luck to AMC traders and Holders. Thanks in advance for the help given to help me access group chats.
AMC has been in a falling wedge ever since it touched the 34.33 price level on March 28th. Since then, price has been falling on decreasing volume, indicating that bears are being exhausted. It is currently sitting in the Golden Pocket, which is a likely reversal area. I expect AMC to breakout soon towards the upside.
NYSE:AMC Possible scenario is that we're finishing the B leg currently as it is in a falling wedge and will breakout this week for C leg. Volume decreasing as price is dropping is bullish. PT for C leg rn is around 55$. If there is enough momentum there may be a 5th leg which would validate that this is a 5 wave impulse and pt would be around 100ish. Good luck!...
Looks like AMC broke out of the bullish descending wedge here on the daily, The minute it had first broke we ran up 34$ pretty quick. Now as you can see we are coming down to retest the the wedge breakout area, allowing the RSI to cool off due to it being inflated pretty quickly. I am personally adding to my position in this ticker at this time, If you are...
Wyckoff #1 on 4h Chart - We are currently forming the wedge in Phase D - Maybe takeoff in 2nd April week? 🚀
HEY GUYS, I HOPE YOU'RE ALL DOING WELL. this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple...
AMC Short Term - We look to Buy at 21.31 (stop at 17.60) Preferred trade is to buy on dips. 50 1day EMA is at 20.00. We have a 61.8% Fibonacci pullback level of 21.09 from 12.90 to 34.41. Trading volume is increasing. Previous resistance, now becomes support at 21.00. Our profit targets will be 34.41 and 43.15 Resistance: 30.00 / 35.00 / 40.00 Support:...
this is what I believe the next leg could look like, I expect further sideways action as we hover above the daily 200 EMA. We could make another move up to $30 next week, again not financial advice just what I believe will happen next & wanted to share my thoughts. LFG APES
Black Mountain Analytical Team: AMC 3 possible scenarios Wait for the price reaction to the area and zone. We will wait for the price reaction to the Resistance line and the static Resistance range. After the price reaction, we can enter. We are currently monitoring it to catch it in the first price movements. TREND LINE-Resistance area
we started our squeeze the moment we broke from our ascending line on the 22th of march at 17.77$, yesterday we tested our resistant at 25.50$, and we got rejected with 2h candle, then over come it, now it's out support the 25.50$ , we need to hold above it to confirm the bullish conniption till the 33.87$. the 20.80$ should be the last support or bottom for us...
NYSE:AMC I see a possible scenario of AMC creating an inverse head and shoulders where it fills the gap at 20ish and then starts wave 3 and 5.
Just a quick chart comparing last year's run with this week's price action. If we are only looking at price action, one can assume we are in day 1 of 4 of a prior run-up cycle showing the top to be on Thursday March 31st 2022. Not Financial Advice - Not a Financial Advisor - Entertainment Only