!!!NOT FINANCIAL ADVICE!!! The Pattern has played out perfectly to the dot. Reversal wedge retested and bounced off nearly right within my 2 week timeframe. We should be seeing $60 in the coming weeks and a break out from there to the upside. Price Target for first consolidation after breakout for me is between the $150 - $200 mark. Hold strong and Hold Long....
!!!! Not Financial Advice !!!!! AMC seems to be forming a reversal wedge pattern. This would fall in line with the earnings report for Q2 being released next week. Given the jump in share price from May to July this should indicate an increase in equity netting off some losses the company may have had. The pattern shows a possible scenario within the next 2 weeks...
!!! Please keep in mind I use Daily, Weekly & Monthly charts period !!! Disclaimer - This is not Financial Advice.
Bitcoin Dominance Chart is forming a rising wedge this generally indicates a break out is about to occur. As the trend was heading in a downward direction, we should see the downwards action continue, however, this won't be confirmed till the break...
The chart is split up into 3 sections. Tools Used - Fib retracement / Fib Channel / Trendlines & Support and Resistance Levels (Pinpoint). !!! Not Financial Advice !!!
The chart may look complicated at first but here is the breakdown to simplify the thought process.
1. Why the weekly chart and not the daily hourly chart? This is because the Fibonacci...
!!!! Not Financial Advice !!!! Taking a look at NAS 100 from a larger time frame we can see that it has been on a significant bull run from the 2008/2009 financial crash with little to no major pull backs. If we look at the Fib extension from bottom of the 2000 - 2002 crash we see that the FIb Retracement tops out roughly round $18000 price mark. Considering that...
