AMC Stock: Reversal in Sight? Long Opportunities Ahead!Hi fellow traders! 🚀
AMC has been tunneling down in a steady downtrend on the 1H chart, but things are looking up! Recently, AMC broke out of its range, found solid support, and respected a new bottom – a promising sign that a reversal pattern is forming.
Here’s the current technical setup:
Support Levels: $4.00
Resistance Levels: $4.30, $4.63, and $5.00
$5.00 aligns with a higher timeframe Point of Control (POC), making it a critical level to watch.
The stock has shown strength at the $4.00 support, suggesting a good base for long positions. The price action is beginning to favor the bulls, and if momentum builds, we could see AMC test higher levels in the coming sessions.
📈 Trade Idea:
Look for long entries near $4.00 with a tight stop below this level.
Target the resistance levels sequentially: $4.30, $4.63, and $5.00.
Watch for volume confirmation and further signs of bullish momentum to validate the move.
🌟 Sentiment: Positive
The technicals suggest we may finally see a shift in trend. Keep an eye on $5.00 as a significant hurdle, but the path to the upside looks promising. Let's ride this potential reversal to the moon! 🚀
What do you think? Share your thoughts in the comments! 💬
#AMC #StockTrading #Reversal #BullishTrend
Community ideas
Very Bearish Elliott Wave Pattern The S&P 500 (SPX) since its all-time high appears to be forming a series of "one's" and "two's " to the downside.
This could be the prelude to a very large decline in early 2025.
Short-term the SPX could rally into the low 6,000 area soon. If so his could be an important peak.
APPLE Will Collapse! SELL!
My dear followers,
I analysed this chart on APPLE and concluded the following:
The market is trading on 254.57 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable APPLE continuation.
Target - 245.49
Safe Stop Loss - 259.31
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
RENDER/USDT Breakout Alert: 200%+ Pump on the Horizon?🚀 Hey Traders! 👋
If this setup resonates, smash that 👍 and hit Follow for trade ideas that deliver results! 💹🔥
RENDER is looking primed for action! It’s broken out of a symmetrical triangle and successfully retested during the recent dip. This could be your chance to accumulate and add more on pullbacks. I’m eyeing a potential 200-250% pump this altseason! 🚀
📈 Trade Setup:
Entry Range: $6.7 - $7.7
Targets: $10 / $14 / $19 / $25
Stop-Loss (SL): $5.60
💬 What’s Your Take?
Are you seeing the same explosive breakout potential? Share your analysis, thoughts, or predictions below. Let’s ride this wave together and lock in massive gains! 💰🌊
🔔 Stay Tuned for More Winning Setups!
Panic Sell Is Over! Ethereum ETH Will Reach $6000!Hello, Skyrexians!
Last couple of days were difficult for all crypto bulls. While Bitcoin suddenly dropped to GETTEX:92K altcoins bleed much more because of BTC Dominance pump. The main altcoin BINANCE:ETHUSDT lost more than 20% and caused a huge panic. Yesterday's candle closed promising, but if this nightmare is over or our portfolios continue melting in the upcoming days?
Let's take a look at the daily time frame. Here we can see the clear Elliott wave structure. Large wave 1 has been finished with the red dot at the top and after that we have seen this dump in the wave 2. You can tell me that wave 2 is the very ugly, but this is the specific shape of irregular
ABC.
This drop has been stopped exactly at 0.5 Fibonacci. Moreover we have seen the green dot on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . For me it's very strong confirmation that correction is over and wave 3 is about to happen. Wave 3 has the target at 1.61 Fibonacci level equals $6200. See you there!
Best regards,
Skyrexio Team
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EURUSD The Target Is DOWN! SELL!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.0429 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0398
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURUSDIntraday.Undre Pressure
EUR/USD May Fall 32 - 67 Pips
Our Prefenence
Short Position Below 1.0420 With Targets At1.0330 / 1.0295 In Extension
1.04950 Resistance...
1.04650 Resistance..
1.04200 Resistance.
1.03620 Last .
1.04200 Pivot
1.03300 Support.
1.02950 Support..
1.02700 Support...
~~Alternative Scenario~~.
Above 1.0420 Look For Further Upside With 1.0465 / 1.0495 As Per Target
$NEIRO Might be getting ready for 40%+ short term push! Hello Traders. As you probably know I don't like to publish short term setups due to the fact that many things can happen such as fuds, Btc crash etc.
As per Nerio's daily chart, massive accumulation phase seems to be taken place for a month. 4 Major indicator signals also agreeing the accumulation phase nearing end (Hist,MOM,OBV,MFI). Many combined signals including decreasing volume while correcting pointing out for possible a rally! I will update this chart as we move along!
Nifty | Pre-Market Report | 23 Dec ~ 27 Dec 2024Nifty has been massacred by the brutal selling last week!
If we look at the weekly chart, the weekly candle close has wiped out the last one month of Buying in a single blow!
This clearly has signalled that we are in a Bear Market Grip.
For the upcoming week, Nifty seems likely to trade between 24,400 & 23,155.
The sentiment would be Sideways to Bearish.
Option sellers could benefit from Straddles on a Weekly Expiry basis.
Option buyers should look for reversals at boundaries for best risk reward opportunities.
Presently Nifty is at the crucial Neck line on the Weekly Charting basis which is also the 50 Week Moving Average zone.
Looking at the intensity of previous week's crash, this upcoming week could be a pause and then we could have a further downside crash towards 22,600 which is the 50% zone of the long term Weekly charting trend.
If 22,600 doesn't hold then we will ultimately find good support around 22,000 level which is also the 100 Week Moving Average.
FET 4-hour .. Where's the bottom? When to buy?Have the left-over money to re-invest into FET. around $650
Where to enter. Yeah that's a tough situation.
"Yeah I'm gonna catch the bottom"
It's possible if your sitting on your computer all day long, not probable.
I like to place an order incase I am not at home.
#1...I am comfortable stating that FET will go up and create new highs one day, most likely next year.
#2...Buy on the way down or the dip after major indicators are looking very exhausted. "Possible that is now"
#3...4-hour MACd usually has one more dip in it as it turns and heads upwards, at some point before crossing into positive territory.
Those items are part of the thought process. I have 500 or 600 coin purchase points, which will be more than the original 401 I had had.
For now I will place the order to buy down at the 96 cent level. .. the $1.30 will be reserved for a trade in, if PA decided not to go lower.
All together I might miss an entry point in the near future.
PA could indeed march down -72% to 63 cent level... This is a situation that is still in play, beware.
Another stop loss should be applied. or.. because the deep dives are usually quick to recover then not stopping out...
If that happens, a cost averaging play could be a solution or just wait for PA to gain back all the lost PA.
DOGE reng?🚀 Uptrend Breakout Zone
The chart shows a strong bullish breakout above the resistance level of $0.20812 and a retest of the support trendline. The upward move reached $0.38664, forming a new high. 📈
🔻 Correction Phase
A sharp drop from the $0.38664 level indicates profit-taking or potential bearish divergence. The price is approaching the highlighted $0.20357 zone, marked as a key support area. 🔴
📉 Short-term Bearish Trend
If the price breaks below $0.20357, further declines toward $0.11664 are possible. Traders should watch for a bullish signal (e.g., green candles) at these levels. 🛑
💡 Long-term Prediction
A potential cup-and-handle pattern formation is visible, suggesting a gradual recovery and a bullish reversal back toward $0.38823. 📈 Look for a breakout above this resistance level for confirmation.
📢 Trading Signals
✅ Buy Zone: Near $0.20357, if bullish candles appear. Target: $0.33000 to $0.38823.
❌ Sell Signal: If price closes below $0.20357, target lower support at $0.11664.
🚀 Long-term Buy: After a confirmed breakout above $0.38823.
📊 Risk Management: Use stop-loss orders to protect against unexpected moves below key levels. ⛔
Interesting trend line confluence on QQQ: Bull CaseNobody knows what is going to happen, but this confluence of trend lines is at least interesting.
There is a short term uptrend since the August low that converged pretty perfectly with a longer term trend line that seems to have had some weight as resistance since summer of 2023. It has been broken at times, but price has always come back in and has spent a lot of time respecting it.
This month we broke above it again and then on Friday we opened below both lines, only to rally back up and close above them.
There is also a resistance line that along with the short term support line can be seen as a rising wedge that was broken on December 4th. This latest drop took us down through the front of that wedge but on Friday we closed back above it.
Now the market of course does not have to follow any of these lines, but I thought the confluence was interesting. Could this all just be a retest of the wedge we just broke out of to the upside? Could the longer term resistance line finally be flipping to support? In that case, we could be at the beginning of a much bigger upside move.
To be clear, I do also see credible downside possibilities, but there is some confluence and some strength worth noting here.