The handle of this pattern is just about complete. if we break 44.34 which will end the cup and handle pattern, the measured move, is right around 54.33. Under normal circumstances and I stress the word "NORMAL", the measured move generally exceeds the dip of the cup. Under FOMO its anyone's guess where it goes. Either way apes, the bananas are on sale! Get some...
Here is my rough estimate for AMC prices this month based on the previous cycle. last couple weeks line up to a T and I expect the prices to continue following this pattern. Im guessing AMC hits between 140 and 280 on the 23rd as the peak for this cycle.
Simple trend analysis of $AMC. I'm seeing many similarities in Jan-Jun as I am in Jun-Oct. If we continue to follow the pattern from the previous squeeze just as we have been for the last 5 months, we could see the following: Nov 4th - 50 Nov 16th - 60 Nov 17th - 73 Nov 18th - 100 Nov 23rd - 246 Will this be enough to trigger The MOASS? Only time will tell.
Key levels marked here. We have been in a pennant since the run to $70s. I believe that we could see a similar move like the move from $15 to $70s. Keep on Watch tomorrow.
Look at the similarities, where it retraces and bounces. Also the George Dubyah (aka Double Bottom). Looks like crap but it tends to be following same pattern but longer since HF dont want this to move like it did. Think of it as trying to make the fight longer, but at some point it ends. I feel like the breaking point where they start to cover will be around...
Simple trend analysis of $AMC. I'm seeing many similarities in Jan-Jun as I am in Jun-Oct. If cycle theory is true, we could see a repeat of the last two squeezes playing out on the $AMC chart in November. Will this be enough to trigger The MOASS? Only time will tell.
so far our current PA is respecting the chart pattern and the 90 day algo cycles. just sit back, buy and hold until shorts start covering! LFG! 🦧🦧🦧💎🙏🚀🚀🚀🛸🖨💵💵💵💵💵💵💵🤑💵💵💵💵🤑💵💵🤯💵💵💵💵💵💵💵💵💵💵💵😂🤣😂
Redline is AMC current price movement. IMO AMC is still leading GME in movement. AMC has completed its second run and gearing up for a third, meanwhile GME has not even started its second run.
Not Financial Advice ------ Technical Analysis : ___________________________________________________________________________________________________________________________ First looking solely at the TA , considering the ticker cyclical behavior everything shows that it should shoot up anytime. Ascending Triangle inside the "Golden Triangle" MACD/RSI are...
AMC has been prepping for it's next squeeze for almost 5 months now. Short Interests is at all time highs meaning shorts have not covered and the technicals show bullish momentum starting to build up once again. Some indicators that suggest the next squeeze is starting.. low volatility, low volume (increasing now), high short interest, pennant close to breaking...
NFT ANNOUNCEMENT RUMORED TO BE TODAY. POSSIBLY AT 4:20 EVIDENCE: twitter.com
lets squeeze!! will the algo cycles continue to play out
will the algo cycle continue on? we shall wait and see.
As usual, this is not financial advice. Do you own due diligence. This is just what I see forming. An ABC correction is forming that, if it proceeds to develop as I see, will constitute the first leg of a Motive Wave. This correction will need to break through the descending resistance (blue) and add 100% of the A-leg. This will form the 1-leg peak (~$252). ...
If we're comparing how close the Jan to Mar chart is to the most recent pop and settling. For those apes that love to see these types of charts so they can time the MOASS. For those HFs who know the end is nigh. If history rhymes then the next MOASS will hit $260 20.35 high in 1/2021 72.62 high in 6/2021 ------------------------ equals 3.568x 72.62 x 3.568 = 259.1
Any DD at this point would be a waste of time as you all mostly know by now the stock is being manipulated heavily by naked shorts. That being said were just looking at the chart for a time and price estimate. As you can see most of the uptrends are all looking in the same direction. Theyre all looking at around the $500 + price mark at around the end of October...
This huge Bull Pennant for GME is coming to a head in 4 weeks. First major resistance level on the weekly chart is at $231.41. Breaking this level means smooth sailing all the way to $348.50 and also breaking the upper bound of the large wedge. Past that resistance level means clear skies to all time high territory, as well as a definitive breakout of the bull pennant.
This Chart has been a work in progress but let me tell you, the process has been great. Price has hit Pt's but now we begin to get close to the Squeeze. We have hit a very important line of Resistance (LoR). 52.06 was a LoR that I see started back in the symmetrical triangle that was prevalent when price wanted to touch the Upper or Lowe lines of the symmetrical...