AMC Whats coming next?!Reaccumulation with spring action
-Flat or sloping downward formation
-Potentially lower lows with a spring being the lowest point in the visible trading range
-Short term weakness after strength in this formation
I'm still convicted that we are on the final phase of our reaccumulation, only that we may be forming a minor spring action.
Our next jump should be over the creek into the LPS stage rather than the anticipated SOS stage.
SOS still expected at 13-17 Dec from my previous post on the fractal cycle.
As said, 8th and final support
Not expecting any more suprise downside after this.
Not financial advice
Stay strong.
AMC
ALF - DEMAND ZONE - PIVOT ON FADE - LOW FLOAT - BANGERAll,
ALF I think is going to pop huge pretty soon we all know how wild she is when she gets going. This is now a waiting game. I have about 5 alerts set on ALF 2 or 3 below 1 slight above if it moves up and a volume alert. I think extremely soon we see ALF rip again. Make sure to actually watch this one. Actually decent company/future.
Keep in mind how long this stock has been on the market as well. Looks like some garbage downtrend stock, but in reality it hasn't been on the market long enough to even make that true. This could easily be a blimp on the radar. So always keep time on market in the back of your head.
Amc chart analysis trending up soon?(A prediction)So i see a false breakout then a clear breakout and retest of the trend line on the daily chart of amc. It bounced on retest green Friday and printed a what i like to call a flip flop candle pair today. The flip flop is when the proceeding candle is either very very similar just different color or is its polar opposite but opened and close in the same range roughly as the candle previously. You’ll see what i mean in the picture. There used as trend continuation or trend reversal indicators. I am sure there’s a more accepted term for this setup. Besides that the daily rsi is showing a hidden bullish divergence. This is when the lows of the rsi are moving higher but the price action in the lows of the candles is moving down. This is a pretty decent indicator of a potential trend reversal. This divergence started to show itself last week so i would expect solid movement up but (potential down). If we do break upwards i would then be looking for volume to come in and match the movement of the stock price. If it doesn’t, i would expect another cycle and down trend after current uptrend and new analysis needed. With all the nft and crypto hype coming in and box office numbers returning the amount of preorder tickets for the movies coming out in December is crazy high with a crazy high amount of releases coming out in December i am very bullish on amc just from a technical view. NYSE:AMC
I am still learning so input would be nice. ur thoughts an opinions of my analysis are welcome. Sometimes you dont know you suck until someone tells you.
AMC fractal update IMPORTANT DATES!!!overreaction concerning china FUD. Dont see this falling below macro support. Might either go sideways, or go up one last time only to be met at the bottom for the 8th support of wyckoff reaccumulation schematic.
Fractal indicates the life cycle of the algorithm to be of 1.6667 * its initial January run.
According to this important dates are
This week WED or THURS (shift in direction of this stock )
14 or 15 DEC, Dates for SI publications coinciding with the fractal timelength.
20th DEC Beginning of the Squeeze.
$AMC - Weekly Swing Trade OpportunityWe've got a very simple trade thesis today! AMC has been consolidating for the past five months after it's insane run to 72$. After such long consolidation, we're finally nearing the end of our wedge, meaning AMC is primed to make a large move to the upside OR downside.
I will be eagerly eyeing this ticker, and will play a break to either direction as I've got no personal biases. Regardless of the direction, the move will be explosive. Have your alerts set!
All of the FTD's ever reported since January $AMCFailure to deliver (FTD)~ When a trader of a security can not meet all of the obligations of the trade at the time of the sale.
How FTD's are effecting AMC is done by Big money traders trading these FTD's between each other which continues to impose selling pressure.
When a single stock is a FTD (NOT THE TICKER/COMPANY), there is a owner of that Security. When the ftd is being sold to the next big money trader, There is a new share that is resulted in that trade between traders.
At the end of this transaction between the seller of the FTD and the buyer 2 shares have been imposed on the market.
Owner of the FTD --> Selling the FTD to the next --> Sell it again to the next and you now have 3 shares sprouting from 1 with the pressure on the market of 3 shares!
1 Share at this point Rather than that one share being given, a synthetic share was made (the same pressure is imposed
as if a second share was bought on its own through a lit exchange)
You can see how this turns into a shit show when these FTD's are constantly hopping around imposing new pressure at different points.
3.5 Million on the top but how many shares could that actually be?
I figured this chart would be great to watch. Updating this every month with reliable information pulled from the Sec.
Follow to keep up
Happy trading everyone and remember,
Scared money don't make no money.
AMC CME Gap's + Price Target of 51.55-51.69When it comes to CME's, common talk is price will re-trace to the gap at one point in time ( Can be sooner or later ). On this chart you'll see the various CME's in AMC but the most significant ones relative to recent price action are 2 CME's
51.55 - 51.69 (#2) 14 Cent Gap
&
38.88 - 38.14 (#1) 74 Cent Gap (Empty box near MA's)
Market open Monday should retrace us to the previous gap mentioned as #1
These CME's are based on Daily t.f. Charts and a couple including the ones mentioned above were fine tuned on 1 hour for accuracy more importantly the 2 above are significant due tp their resistance at these points. This chart is only showing CME's and will continue to track them on a weekly basis here.
Food for thought on options traders,
The squeeze is more likely to happen if you buy the stock and hold rather than trading the option. Put or Call. Doesn't matter
We need a SOLID floor.
Happy Trading everyone and remember,
Scared money don't make no money!
AMC bull pennant still in playAll things considered, we didn't do to bad today. Next week will be crucial with how things play out with this new covid variant. But the good news is major support levels held and we closed within the pennant. If you see a defined break below these levels, I would be looking for an exit strategy. If it holds, well...hodl.
$AMC Algorythmic Scale In & Scale Out - Target $145 Feb 1, '22The pennant setup for the current session is identical in shape to the previous session where $AMC pumped from $20 to $77.
Additionally, the Fib-Trend lines up the price action very well.
Lastly, we have seen thousands of call options open on $AMC for the $145 strike in January 2022.
They are doing price discovery, we can see the most of the buying between $28-$45 with the majority throughout the Wyckoff Accumulation phase I posted about on 07/29, see link below.
From the beginning of this, I told everyone I knew to buy $AMC, they would ask "what do you think it's actually worth?" and I always thought that it was worth $30. Obviously things can change, with AA leadership I hope we see some new innovation on to of just doing what $AMC does best, but that is more of a fundamental discussion for later on. We could also see an economic collapse or margin call change how any of this plays out.
BFLY - SELL OFF BEFORE EARNINGS MONDAY FOR PROFITS? I SEE 10-12+All,
No bad news just a big dip here .. I think minimum we see a 10% move here to retest significant break. I personally believe this stock after ER will go $12+. Would not surprise me AT ALL if hedges etc are seling out here to re buy in down here to make some big profits come ER. Watch for big candles next few days.
see my last post very similar sell off.
VIX going to 16's next bearish wave startingVIX going to 16's next bearish wave starting.
The wave goes up and then back down, VIX reached a top for the up wave and starting to go back down. I expect all VIX related funds to go down next week and new ATH's for the market.
As always in the past VIX has been making new lows since covid started and I expect it to bottom low teens 10-13 which should paint an economical peak 2022-2023
AMC - price is correctingThe price is in a corrective area right now. It can retrace a bit more as marked on the chart.
2 Possibilities :
1. The correction can either be a triangle (in this case, we can see an upside soon).
2. The correction will unfold into a zig zag and we can see more downside, before the price will start to go up again.
In this chart, the second possibility is presented.
The Content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Have a beautiful day! :)
Big moves are comingFrom a cyclical perspective, and with Heikin Ashi candle sticks, we can see better the cycle of AMC. It forms sort a huge cup and handle on the weekly chart, a reverse h&s in the 1h chart, a neutral RSI in short et midterm charts and a volume divergence where bears have less and less momentum creating higher lows. I don't thing there is going to be a final sell test, but i could see that we stay neutral for a day or 2, and have a strong move up after market maker clean up the options chain. With Fib levels i see this kind of move, plus with Elliott wave we look like we're finishing the a-b-c-d-e bearish pattern (like dave pointed in his video) in the longer term perspective and ready for a reversal very soon. Last thing, there is lots of Gamma in the options chain close to Jan 2022, so it could be triggered around this date. NFA, just my opinion on the stock I love haha! Cheers!