Tomorrow should be very interesting. Bull Scenario: Price breaks wedge to upside - Quick move to 23.5 to 26 Bear case: Breaks 20 support - drop to 18.5 and free fall below Optimistically bullish going into tomorrow. However, if price continues sideways trading in the low 20 range it will not be pretty. Low volume today due to FED announcements tomorrow, we...
Got burnt on last push up due to the pull back following the hault. Chart appears to be coming to a critical point for a reversal. IF volume comes in there may be a violent move back to the 28-30 range. OTM Debit spreads could print if they capture this move - extremely high risk. BTW if you follow RICO trades for investment advice hes an imbecile and suggest...
There is a continuation in a macro AMC fractal that is playing out on a shorter time frame. We are at the yellow arrow in the previous fractal. If you do not believe that technical analysis works, refer back to this post. Expect a monster move today to the 52 - 60 pocket. Cheers. 4:18 am EST
AMC is currently following a bullish schematic to a tee. According to the schematic it is at the yellow arrow, just shy of a large rip upward. If this scenario plays out, expect a quick pull back then impulse up on higher volume. Notice how the pull bak to the 25 level is exactly to the 618 Golden Pocket. This chart is convincing, however a break of 25 would...
This is a potential chart for AMC that follows a repeating fractal found on several different time frames. Break above 40 , I am bullish. If not it will be dragged down to the 1.618. Price targets is 29 for tomorrow. Bearish until AMC breaks this down trend and we see a substantial increase in volume and or break above 40. Also have a bullish scenario on a...