we about to visit an important bottom above the 3.33$+, but first we going to see buying pressure above the 3.90$ to go totes the near the resistant 4.70$, if we got rejected it's means the short in control and price will keep going down to the 3.33$ bottom .
we going to visit an critical level for AMC which is our bottom price level above the 4.70$, where we should see a reversal , and huge buying pressure to test the our current resistant around the 5.90$.
Beginning from the left, we see where price broke out, where many made and lost millions. From there on, price went down with huge up-swings in between.
What's that orange inside pitchfork?
This pitchfork gives us a kind of a Swing-Frequency.
What does this mean?
Well, it's nothing more then a measurement of this stocks swing volatility. Furthermore it combines...
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.
It looks AMC bottom out and you can take entry if it crosses above 16.64 and hourly candle close above 16.64, if that's the case you can ride till 19.73 and take profit there and wait, If it crosses channel's middle dotted line then ride till 26.00 and take profit. but play within channel and 2 green bands for now and do not gamble big in the hope of Squeeze.
Remember, There is no V-Shape recovery in the market, After this much downside expect price to drop further more to $24.30 as many users enters here hoping to recover, but market makers always try to knock them out here.
Be careful, its new range $26.82 - $30.93.
I put the RICH in Richie… well actually my parents do. Open short on $AMC at 34 bucks. I get my financial advice from @IcebergResearch.
Not Financial Advice.
Hello!
We can see that the price is near the support, we have 2 possibilities.
In my opinion is going to 25 to form the rising wedge, but we will see, if the price close with a daily candle under the support, wait to test that support and after sell with TP on support (price 25).
If the price rise from the near support, I will wait a break on the trend line and...
I was certainly bullish for AMC to make another run for it on a break ~65 but as we see, that didn't last too long....
AMC has been trading in this rising wedge for awhile now and its bound to break out of it one way or another...I will be betting on the bearish way for this setup.
I know all the apes might hate me for this but I see this as a huge money making...
Intraday trend likely UP
We can take SELL positions at these fibo levels :
N1: 59.65
N2: 64.73
N3: 72.94
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (84.29)
TP could be @ Fibo level 0 (51.54)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in...
