If Tesla breaks 181 then it will head down to 140. Also, it has a giant head and shoulders on the daily, which has a measured move to 28 dollars. Take that with a grain of salt.
APPLE looks to be holding the line. A break below with a daily close will be catastrophic.
Just looking for clues on SPY. I really think we'll see a move before wed next week.
Spy has a Inverse head and shoulders on the RSI along with Google, Apple, and Microsoft. This may be the clue for the Direction next week.
AMC has confirmed higher lows up to the 4h time frame. The 1h RSI is starting to cross the EMA and the 2h is almost there. We also still have a nice cup and handle on the 2h time frame.
It seems to be forming a handle on the hourly time frame.
This is a 15 min time frame. You probably notice the yellow lines which were made and fits for the 4H time frame. The last couple of hours of the day looks promising, a possible inverse head and shoulders. My eye is on the 29.30 area for the short term and if we break that, we'll see 30.32. I have a feeling this will go quickly when it does happen but if we break...
This is a 3 day candle chart. If we break above the line above, it will be bigger than the last one. Keep in mind if this breaks below...bye bye AMC. I'm still bullish unless it breaks the line below.
You could also call this a head an shoulders but either way, if we break the line above and "sustain" it then we will see some significant upside. If we break the one below, we will go back to the lows around $20.
AMC bears went down to test the two week golden cross. Nothing but bullish for me. I think we have found the bottom. Why? nothing but pure volume today with this green daily candle. Bulls are stepping in and shorts are getting out of their positions. You probably noticed the trend line above. if we get past that, I'm short squeeze bullish.
We have slightly bounced of a trendline on the 2H time frame. If we break it, we will see the $37 area. Obviously if we break the trend line that dates back to June then we'll see some significant upside.
A lot of people think we have broken out of the daily triangle and we haven't. Here i have a 2 day time frame that shows AMC still in the wedge. This time frame holds twice as much weight as the daily.
Forming a head and shoulders pattern. If it breaks down, get ready to test the lows.
Price action has rejected the 200 EMA multiple times and it looks like we may be heading toward the middle of the range. If we break the mid range, we will test the lows again and probably go down even further.
I would be very surprised to see this keep going up. The hourly RSI is rejecting off of the EMA and heading toward the bearish control zone. We keep making lower highs and lower lows. As you can see i have two arrows, if we break the blue one (which is the neckline of a inverse head and shoulders) we will be heading back down to the red arrow. Honestly if we get...
I'm looking for a test of the area where the red arrow is. After that, I fully expect downside heading to the 420 area.
Get ready for a explosion! I'm expecting a push before the cross. Sometime this month.
The 4h has to stay above the red, 10 simple, for me to stay bullish on the pattern. If it doesn't then i will be looking for price action to get into the lower 50's.