AMC2 trade ideas
AnalysisHello!! as you can see on the graph we are in an uptrend and on top of that we are above the vwap indicator. Thus, the market may continue to rise if the resistance line is forcefully broken by a large green candle and followed by large green volume. On the other hand, we could have a reversal of the trend if and only if the vwap indicator as well as the support line are forcefully broken by a large red candle and accompanied by a large red volume.Thanks.
$AMC: Breakout to 15$?⚡200 Weekly level mounted (huge resistance now became support)
⚡Support trendline held with a bullish engulfing + volume + bullish divergence on the MFI
⚡Golden pocket fib resistance
⚡Ichimoku Cloud broken
⚡VPVR support mounted at 9-9.7$
⚡10.86$ resistance confirmed by 0.5 fib + VPVR node
⚡12$ resistance confirmed by 0.382 fib + VPVR node + Ichimoku cloud resistance at 11.5$
⚡Moving towards the upper trendline which is located at the 15$ level
*WARNING* This thread is not financial advice. I am not a financial advisor.
Analysis-Big probability of an uptrendAs you see on the chart we will have a big probability of an uptrend after the breakout of the resistance line by a big candle with a large volume. In other hand, we will have a downtrend after the breakout of the vwap indicator and the support line by a big candle with a large volume. Thanks.
Analysis Since August 30, 2022 at 1:30 p.m. until today September 07, i.e. approximately 05 days, we have been in a general downward trend. It was only from September 01 to September 02 that we had a small upward acceleration and then the market fell again.
So as you can see on the chart, we could have a high probability of having an uptrend depending on the different plots on the chart.
Thanks for your attention.
AnalysisHello!! As you can see on the graph, the resistance line and the support line converge, that is, they go in the same direction. Looking at the chart pattern, the market may continue to decline if the support line is forcefully broken by a large red candle and followed by large red volume. On the other hand, we could have a high probability that the market goes up. But, this can only happen if the vwap indicator as well as the resistance line are forcefully broken by a large green candle and followed by a large green volume. Thanks...
$AMC: Price Target 15.5$🔥Bottoming signal on monthly (4-month bottoming pattern consolidation) + Bullish MFI
🔥Monthly Ichimoku low confirmed as bottom followed by TD-Sequential 9
🔥200 Weekly Moving Average Resistance at 9.45 (This should be reclaimed due to the open interest at this level)
🔥Monthly resistance at 11.6$ confirmed by Ichimoku Cloud
🔥7.86 Fib retracement at 8.3$ confirmed by volume
🔥Price target 15.5$ (surpass 2.36 fib to retest resistance at 15.5$)
🔥VWAP broken o daily chart (Bullish signal)
🔥Vix Fix indicator strong bottoming signals on daily chart
🔥Watch for an engulfing amount of buying-volume
🔥VPVR support at 8-8.80$
🔥VPVR resistance at 10$ confirmed by EMA - Ribbons
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
AnalysisHello! How are you? Good i hope!!
Yesterday, September 02 at 2:00 p.m. we had a 1st pullback on the vwap indicator, thus causing an impulse on the candles and volume, hence an uptrend. Then the market went for a second pullback on the resistance line as you see on the chart with small green candles having small wicks and small bodies and it (market) went back down once again to test the vwap 3rd pullback before starting to rise again.
However, for our analysis next week, if we have a pullback (4th) on the vwap indicator and additionally if the resistance line is forcefully broken by a large green candle and followed by large green volume it will guess that we would have a continuation of the uptrend. On the other hand, there could be a reversal of the trend if the vwap indicator as well as the support line are forcefully broken by a large red candle and accompanied by a large red volume.
Thanks for your attention!
Good weekend for all
God bless.......