AMC is the sell-off imminent? Harmonious Gartley + Elliot wave German translation below
Symbol / name of the stock / time frame / trading place / currency / precision
---------------------------------------------------------------------------------------------------------
AMC / AMC Entertainment / daily chart / NYSE / USD / 1/1000
---------------------------------------------------------------------------------------------------------
Notice.
All texts as well as the notes and information in this idea do not represent any investment advice or recommendation to buy or sell securities according to (§ 85 WpHG).
Expressly again no buy / sell or hold recommendation no investment advice or the like.
You bear the sole risk for your actions.
As the name already says this is only an idea on my part the expressly not to the imitation call is.
Basis / starting points of this analysis
---------------------------------------------------------------------------------------------------------
All time low 1.910
All time high 72.620
On 05.08.2021, countermovement (wave A) at the 61.8% retracement.
RSI 65.30
XABCD Gartley Pattern
Elliot Waves
---------------------------------------------------------------------------------------------------------
XABCD Gartley
---------------------------------------------------------------------------------------------------------
X= 1.970
B= 72.620
C= 55.953
D= 17.061
X-B= 0.618
X-D= 0.786
A-C= 0.618
B-D= 1.44
C and D are still in execution!
---------------------------------------------------------------------------------------------------------
Elliot waves
---------------------------------------------------------------------------------------------------------
wave 1= 20.360
wave 2= 5.260
Wave 3= 72.620
Wave 4= 20.400 ?
Wave 5 ?
---------------------------------------------------------------------------------------------------------
Description of the idea
---------------------------------------------------------------------------------------------------------
1. after reaching the last all-time high and the formation of wave 3 on 02.06.2021 the price is in a correction phase (ABC) 0= 72.620 A = 28.910 B=? ( 55.829 - 63.322 ) C= ? ( 21.673 - 7.687)
2. on 05.08.2021 the price formed wave A at 28.910
3. with the formation of wave B, I expect in the range of 55,829 - 63,322 (Gartley C)
4. possibility of a short position in the area of wave B SL at 65,000 - 70,000 TP= 21,673 - 7,687 (consider CRV, risk and money management)
5. target areas of the downward movement:
Yellow = Harmonizes with the Elliot wave theory whereby 20,360 Optimally should not be undercut. XABCD Would not be in the range in perfection
Orange = Harmonizes with the Gartley formation, whereby 17,215 would perfect the formation. Elliot wave 4 would already be below wave 1 here.
Red = Lowest area for side D of the Gartley formation, Gartley and Elliot would not have performed Harmonious or Perfection in this area.
6. after reaching the target area of the downward movement, short positions should be closed, when leaving upwards from one of the target areas, long positions could be opened.
Since there is a very large margin here in the downward target range, one should watch closely here and think carefully about how to position.
One possibility here would be that one uses in each case the middle value of the respective area (yellow, orange, red) as an entry, and the spaces between the respective target areas as SL.
7. take profit zones:
The respective colored lines (Yellow Orange Red) in the Take Profit areas, are dependent on the respective entries, from the downward target areas. (Yellow = Yellow, Orange = Orange, Red = Red)
38.2% Range Take Profit Zone 1 32,492 - 41,232
61.8% Range Take Profit Zone 2 47,825 - 53,098
127% Range Take Profit Zone 3 86.257 - 90.144
8th Elliot waves 5 target areas:
Target 1 39,264
Target 2 52.899
Target 3 72,620
Target 4 86.746
Target 5 105.834
9. since the RSI did not fall in the oversold area of 30 on 05.08, my assumption is confirmed that in the target area of the current upward movement (Gartley C), the RSI will be in the oversold area and a strong sell-off will follow.
and a strong sell-off will follow.
I hope you liked the analysis, you should be of a different opinion, and or they have created their own analysis feel free to post it in the comments.
German Version
AMC steht der Abverkauf bevor? Harmonisch Gartley + Elliot Welle
Symbol / Name der Aktie / Zeitfenster / Handelsplatz / Währung / Präzision
---------------------------------------------------------------------------------------------------------
AMC / AMC Entertainment / Tageschart / NYSE / USD / 1/1000
---------------------------------------------------------------------------------------------------------
Hinweis!
Alle Texte sowie die Hinweise und Informationen in dieser Idee stellen keine Anlageberatung oder Empfehlung zum Kauf oder Verkauf von Wertpapieren nach (§ 85 WpHG) dar.
Ausdrücklich nochmal Keine Kauf / Verkauf oder Halte Empfehlung keine Anlage Beratung oder ähnliches.
Ihr tragt das alleinige Risiko für euer Handeln.
Wie der Name schon sagt ist dies lediglich eine Idee meinerseits die ausdrücklich nicht zur Nachahmung aufrufen soll.
Basis / Ausgangs Punkte dieser Analyse
---------------------------------------------------------------------------------------------------------
Allzeit Tief 1.910
Allzeit Hoch 72.620
Am 05.08.2021, Gegenbewegung (Welle A) am 61.8% Retracement.
RSI 65.30
XABCD Gartley Muster
Elliot Wellen
---------------------------------------------------------------------------------------------------------
XABCD Gartley
---------------------------------------------------------------------------------------------------------
X= 1.970
B= 72.620
C= 55.953
D= 17.061
X-B= 0.618
X-D= 0.786
A-C= 0.618
B-D= 1.44
C und D sind noch in der Ausführung!
---------------------------------------------------------------------------------------------------------
Elliot Wellen
---------------------------------------------------------------------------------------------------------
Welle 1= 20.360
Welle 2= 5.260
Welle 3= 72.620
Welle 4= 20.400?
Welle 5 ?
---------------------------------------------------------------------------------------------------------
Beschreibung der Idee
---------------------------------------------------------------------------------------------------------
1. Nach dem erreichen des Letzten Allzeit Hochs und die Bildung von Welle 3 am 02.06.2021 befindet sich der Kurs in einer Korrektur Phase (ABC) 0= 72.620 A = 28.910 B=? ( 55.829 - 63.322 ) C= ? ( 21.673 - 7.687)
2. Am 05.08.2021 Bildete der Kurs Welle A bei 28.910
3. Mit der Ausbildung von Welle B, rechne ich im Bereich von 55.829 - 63.322 (Gartley C)
4. Möglichkeit einer Short Position im Bereich von Welle B SL bei 65.000 - 70.000 TP= 21.673 - 7.687 (CRV, Risiko und Money Management beachten)
5. Zielbereiche der Abwärtsbewegung:
Gelb = Harmoniert mit der Elliot wellen Theorie wobei 20.360 Optimalerweise nicht unterschritten werden sollte. XABCD Wäre in dem Bereich nicht in Perfektion
Orange = Harmoniert mit der Gartley Formation, wobei 17.215 die Formation Perfektionieren würde. Elliot Welle 4 wäre hier bereits unter Welle 1
Rot = Tiefster Bereich für Seite D der Gartley Formation, Gartley und Elliot hätten in diesem Bereich keine Harmonische bzw Perfektionierte Ausübung geleistet.
6. Nach erreichen des Zielbereichs der Abwärtsbewegung, sollten Short Positionen geschlossen werden, beim verlassen nach oben aus einen der Zielbereiche könnten Long Positionen eröffnet werden.
Da hier im Abwärts Zielbereich ein sehr großer Spielraum herrscht, sollte man hier genau beobachten und sich genauestens überlegen wie man sich Positioniert.
Eine Möglichkeit hierbei wäre, dass man jeweils den Mittleren Wert des jeweiligen Bereiches (Gelb, Orange, Rot) als Einstieg nutzt, und die Zwischenräume zwischen den jeweiligen Zielbereichen als SL nutzt.
7. Take Profit Zonen:
Die jeweiligen Farbigen Linien (Gelb Orange Rot) in den Take Profit Bereichen, sind abhängig von den jeweiligen Einstiegen, aus den Abwärts Zielbereichen. (Gelb = Gelb, Orange = Orange, Rot = Rot)
38.2% Bereich Take Profit Zone 1 32.492 - 41.232
61.8% Bereich Take Profit Zone 2 47.825 - 53.098
127% Bereich Take Profit Zone 3 86.257 - 90.144
8. Elliot Wellen 5 Zielbereiche:
Ziel 1 39.264
Ziel 2 52.899
Ziel 3 72.620
Ziel 4 86.746
Ziel 5 105.834
9. Da der RSI am 05.08 nicht im Überverkauften Bereich von 30 gefallen ist, bekräftigt sich meine Vermutung das im Ziel Bereich der Aktuellen Aufwärtsbewegung (Gartley C), der RSI im über kauften Bereich sein
wird, und ein Starker Abverkauf folgt.
Ich hoffe Ihnen hat die Analyse gefallen, sollten Sie anderer Meinung sein, und oder haben sie eine eigene Analyse erstellt fühlen sie sich frei diese in den Kommentaren zu Posten.
AMC
$AMC Calls 145 Sept 17th Returns +79,067%AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.
AMC symmetrical pop coming soon... $20-$30I was minding my own business and AMC came across my path, so I took a look at the day chart. I was ready to plan for a put, but saw a series of higher lows. So I drilled in for a better view on the 1hr & there it was as clear as day. AMC is getting ready to breakout of a symmetrical triangle. I have to play this b/c I believe that my chart matches the text book definition as found on Investopedia. Are you going to play it conservatively with me or all the way? Let's set some alerts and win.
Check the charts:
www.investopedia.com
AMC MOON ?! Elliott wave countIn semi log chart By Elliott wave count indicator we can easily count current wave is wave 4 but we don't know if we are in wave 5 or not, it count be flat correction, current price action still look like bear flag, so price need strength gain momentum to continue bullish, if it break previous high we can more confident it is wave 5, if it break last low which we count c by hand price still correct.
normal target for long is last high.
MARKET ALPHA - HOW TO FIND TRENDLINESIt's extremely important to look at price action where you are looking to place your trendline.
What I like to first start off is with looking at the areas where we have seen either gap up or gap downs. Starting at the most significant relative area to my analysis, I will continue that line, scoping out other gap areas if within reason. Some are very obvious. This one was one of the easier ones to spot.
I would recommend going over this chart and looking to see what it was buyers AND sellers were thinking at that moment. Would a skeptic seller have to become a buyer? Could buyers be running out of cash or is there enough liquidity to keep the stock down? This is where technical analysis comes in. It helps you understand the more important levels easier and faster.
I hope this helps.
Enjoy!
NYSE:AMC
NQ - Fridays / ES YM RTY TLT ZN AMC TQQQ CLNQ is the last to break.
It's Friday.
The FED is providing $8.34 Billion in Coupon Purchases.
1/4 to 1/2 Size today.
We will be watching until 10AM EST, to see IF there is
support of any kind.
Selling pressure yesterday was significant, but
again... it's Friday.
Commentary from 2 prior Sessions does not change.
Have a good weekend - HK
AMC Shares Can Continue To Rise: Pattern FormingTraders,
AMC shares stabilised and started to rise. The price is forming a good W pattern which means that it can go higher from the current level. For the bullish move, we can target the FCP zone.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Market Alpha Watchlist - ANYNASDAQ:ANY
This stock just recently did a direct offering to fund the purchase of cyrpto mining tools. That looked like it was going to bite them in the butt yesterday but with the flash sale and subsequent recovery, ANY might be a good choice as long as their is no funny business in regards to stock manipulation. Buyers are here and are interested in this stock.
My conviction on this stock comes from the option chain where we saw massive option buying take place yesterday on the call side.