Pullback and spring effectWe have a pullback and spring effect on the vwap indicator so the market will go down.
1AMC trade ideas
AMC wedgeNYSE:AMC
The wedge is narrowing on the weekly chart...
Amc found resistance at the 50 and 200 day SMMA,
Can we aspect a death cross?
Perhaps we will test the stong support line at $14,82.
Curious, about the wedge breakout. Also curious at you perception of this situation.
Are you bullish or bearish on AMC?
This is no financial advice
AMC last support to squeezewe got rejected at 33.80$ where we got shorted by short sellers , now we have a last line of support to confirm the reversal which is above the 17.77$, if we hold we going to see an accumulation phase to test the first resistant around the 20.80$.
crossover between resistnace and support : golden point course on golden point
The golden point can be defined as the intersection between support and resistance . However, when they meet , its means he's going to get a pulse. The golden point can be considered as a strong signal...We have an example that you can see on the chart, we have a breakout with force the support line along with a large volume.
Lines, trendlines and channelsLines are one-dimensional figures that extend endlessly into a future and which connect the price segments on a chart. They are often used to determine a trend and particular support and resistance levels. Lines are easy to draw and use as technical tools. Over time, lines became implemented into various trading systems such as Andrews' Pitchfork and Gann Fan Lines. However, lines have countless more uses. For example, lines can be used to section particular parts of a price pattern. Additionally, they can be used to draw horizontal support and resistance levels. Lines also find utility in measuring the speed of the price ascend or descend. Furthermore, they can be deployed in various trading strategies and used to identify a trend.
Illustration 1.01
The picture above shows the daily chart of Microsoft Corporation stock. A simple dashed line (white) measures the percentual decline between 22nd November 2021 and 8th March 2022.
Trendline
The trendline is a simple line that connects prices across a chart. It reflects a primary trend in the prices of stocks, commodities, etc. Trendlines can be used to construct channels and numerous different bodies. In addition to that, trendlines can also act as resistance or support.
Illustration 1.02
Illustration 1.02 shows Lockheed Martin stock on the daily chart. It also shows the trendline (white) pointed to the upside as it cuts through a substantial portion of lows.
Channels
Channel can be constructed by two parallel trendlines, which act as support and resistance levels. A channel can be sloped upward or downward depending on the general trend of prices. When a channel is correctly determined and drawn, the price often moves between the two boundaries. However, occasional breakouts occur. As a result, they establish a new trend or validate a current one once the price returns to a channel.
Illustration 1.03
The image above shows the daily chart of gold. The channel (white lines/boundaries) can be observed as well. False breakout took place on 27th January 2022. However, the price retraced back into the channel on 9th February 2022.
Resistance and support levels
Often, a line or trendline acts as a particular support or resistance level. The function of these two levels is to halt price rise or decline. Typically, it is considered bullish when resistance is penetrated to the upside. Contrarily, when support fails to hold selling pressure and breaks, it is usually a bearish sign. Resistance and support can be drawn by a simple horizontal line. However, resistance and support can be at a slope. That is common, for example, for channels in a strong uptrend or downtrend. Generally, the significance of support or resistance grows with an increasing number of successful halts being put to a price rise or decline.
Illustration 1.04
Illustration 1.04 portrays the daily chart of Bitcoin. Major support and resistance levels are indicated by white horizontal lines. The first top also acts as the resistance of utmost significance as the price previously halted its rise at this level.
Speed lines
Speed lines are three consecutive lines used to estimate future support and resistance levels. In an uptrend, speed lines are constructed by creating a box connecting a low point in the lower-left corner and a high point in the upper-right corner. Next, a vertical line connecting these two points is sectioned at each third and in the middle. Then a speed line is drawn from the actual low in the lower-left corner through the right side of a box where sections were marked. These speed lines are extended into the future and considered to estimate natural support and resistance levels. Modern techniques include creating speed lines, such as sectioning a box according to Fibonacci ratio numbers.
Illustration 1.05
The picture above shows Tesla stock on the daily chart. It also shows the unconventional construction of speed lines from a box cut into four equal sections.
Disclaimer: This content serves solely educational purposes.
Amc We did break both trend ideas but I have Been waiting patiently for 1925. We went a bit lower but I loaded up at 19.11. This is a short term swing idea. Doable and we can make quick money. Not looking for 50$ or 100$ price tag. This is reasonable trade. Idea is 19.25 -19.11 entry. Sell into a pop above 20.50s to 21.15. This could backtest that previous support uptrend as resiatnce. Could try to short there if we can’t reclaim or push above. I’m long now will stop out of o see us roll over and lose last low and start flagging under it. Good luck
AMC Shakeout AMC Currently retesting falling wedge breakout on diminishing bearish volume.
RSI showing bullish divergence.
OBV breakout on 2 hour chart.
MACD overdue for a reversal on multiple time frames.
MM's just banked on cheap put options after running this to $34 and halting back down. Now they will gladly take your long calls that they trapped retail on for pennies on the dollar. This is the game!
This is a final shakeout IMO. NFA
Summary on AMC/downtrendAs we see on the chart sellers confirmed their presence. On downtrend after a succession of many red candles at the next green candle with a large volume you can exit the market to maximize your profits!!! Thanks...
ANALYSIS ON AMCDowntrend so we have a breakout of the support line by a big candle with a large volume and the vwap indicator...
EXAMPLE OF BULLISH CHANNELGood morning all!! I hope that you all are ok!!! May God bless everyone forever...One Love...!!!
In the case of a bullish channel, the support is more important than the resistance , indeed if the prices break the resistance, it simply means that the upward pressures are more and more sustained whereas if the prices break the support , in this case , the entire uptrend is called into question. Conversely for a bearish channel it is the resistance that is important. At the next course we will see the downtrend channell.!!! Thanks...
$AMC BearishOn my last chart of AMC we identified the demand zone and eventually blew right through out target! Now we're hear to look at the reverse of that outcome.
I know the bulls and 'ape land' won't approve of this sentiment; nevertheless, I foresee price action returning back to our $12 - $14 range and that could happen within a short duration of time. Let's call it within the next 30-45 days to be conservative; however, I really hate to ever put durations on anything when it comes to the markets.
AMC break outTomorrow 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 need a large inflow of volume tomorrow. Good Luck.
This is a computer program Ping pong in this widening channel since the April 2020. This looks like a very long controlled squeeze.
$AMC Notes: Comparing May Move to Current PAFor personal reference and this is for comparison only (not predicting anything). This move is both steeper and more drastic, but the current ratio of percentages is still lass than in May (at the moment at least).
EDIT: the 38 in yellow should be 41 (it was at 38 yesterday and forgot to update that number)
AMCMID-TERM: Backtesting falling wedge and the most critical zone on the chart (blue zone), weekly hidden bullish divergence, inverted hammer candle on daily. (not financial advice)
