Don't be a fool and you shall prosperEvery day people make the wrong decision. Maybe it's adding too much chili sauce to their eggs.
Maybe it's not packing an umbrella, and the weather changes.
Perhaps it's catching the bus when a smelly person is going to sit next to you.
But today you have the opportunity to make the right decision with my helpful idea here.
Seize the opportunity. Make the right choice (not the left choice).
Pound Dollar shall crumble, just like an apple crumble. Yum.
Wallst
AMC ST Update (Feb 4th 2021)AMC Entertainment (AMC) (February 4th 2021 through February 18th 2021)
(Potential entries) Low: $0.57 - $2.00 - $3.13 - $4.81
(Potential swing high levels) High: $5.08 - $6.28 - $10.10 - $10.94
I am looking for price action to come down near where I have placed 2 orange boxes for potential entries for future prospects of AMC. If people (WSB) manage to squeeze AMC harder a second time, there's a chance it never even comes down to where I anticipate it but I feel it will be very likely for it to keep crashing since the crazy peak, and maybe return to baseline/normalcy around $1 to $4.
A good entry might be found anywhere from $2.00 to $4.81 in my opinion, but it really depends on if WSB actually pulls off a second squeeze for how long it would take to realize profits on the next run. If its truly returning to baseline, $2.13 and lower should be expected, I think 57 cents would be the absolute most drastic possible.
I've placed a couple white trend lines just to see if any of it correlates with a path, but I've also scribbled the green, orange, and red brush lines for other potential levels I can see price coming to at those times. No idea which path will actually happen if any of it is even right, just watching closely for now.
Related idea attached below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
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A pennant in the DOW30We startet comparing the short to trend and volatility in FTSE and DOW, the correlation changed friday and FTSE whent up og DOW30 down. Dow will take fridays points back monday morning and a good possibility of a pennant pattern. A low risk trade can be done if we break the fabonacci 61,8 and a more risky would be right now in fabinnaci 38,2 - 20650. If the DOW dont break the 61,8 og uses it as a support zone there might be a possible short trade with a clear signal. Low risk be patient and wait and for the 61,8. Higher risk go long in 20650, the RSI is bullish and indicates a long trade. MACD shows on the WEEKLY chart a strong buy signal, with MACD, ADX, Ultimate Oscillator and ROC all showing buy signals. MA ,20,50,100,200 shows buy signals and MA,5,10 sell signal. The STOCH indicates that the index is overbought, so have this in mind. ALso we have the daily chart wich us very neutral, indicates a little sideways, but the volume also the support of bullish.
Dow30 (US30)- New Record highs? US Equities have been in a long term uptrend since Trump was elected back in Nov. 2016. The Dow saw new record highs during this period. The uptrend is still intact based on the TL bounces and we currently find ourselves at the record high area set back in the beginning of March. USD fundamentals will have a big impact on this trend whether it can continue or it shifts and starts to create Lower Highs after rejecting this record high. Not speculating on the data released for NFP and FED rate decision we don't seem to be rejecting this price at the moment.. simply just accumulating contracts as sellers having shown themselves yet.
Study3Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and stay flat until some side is hard broken. Only after that we can anticipate given direction to be reached. This chart shows absolute levels. Trade what you see. Resistance above , no longs , support below , no shorts , WAIT , Best decision right now.