Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to...
Using past data points to predict future movement with wycoff decending wedge accumulation predicting a movement of AMC upwards from Weeks of March 14-28th for Phase D.
(W)aiting you can obtain financial Freedom. (Y)ou (C)an (O)btain (F)inancial (F)reedom.
Using the fib retracement and sine wave. Able to predict future movement of AMC 🌊🏄♂️
The AR1 x AR2 has created a Major resistance wave that requires major volume to break through. As the wave narrows and flattens out the easier it is to "swim" through the wave which will create a new leg up and ATH. We also have major support wall at $14.50 and a final support wall at $9.50
🧵A thread: $AMC swimming through the waves🧵 I honestly laughed when I first looked at my chart but each wave tells a story and predicts when we break down and when we break up. Started with these data points: ATH1: (20.36 on 1/25) ATH1 low: (1.91 on 1/25) ATH2: (72.62 on 6/1) Why start with these dates you might ask? Well they are the weeks when we had the most...
Step One (1): AR1 Creek gets Broken and creates ATH2 which creates new ATH Creek (pink wave) Step Two (2): ATH Creek Gets Broken and creates AR2 which creates net AR2 Creek (Orange Wave) Step Three (3): ATH Creek gets broken again which creates a new Selling Climax SC3 and creates a SC creek (red wave) Step four (4): Selling Climax Creek Creates a new Support...
AMC is currently in Cycle 6 and is expanding exponentially by a factor of X^2. The next 10 weeks are the unknown then we get back into cycle.