For about a month, I've been using this 8 part pattern to orient myself on the directionality of the chart and trade accordingly. This pattern occurs on every timeframe. I've found these bars pattern sections to be helpful to map over the 1m and 15m charts.
This is a rather difficult thing to sum up, but relates to the Creek Finder tool I've been working on. The other day, I noticed that you could draw a sine wave which perfectly connected the tops of the PSY, BC & SOS with the bottoms of the Spring and Deep ST of this micro-trading range. After drawing it, I realized that drawing a fib from the first ST to the SOS...
This week, I've been experimenting with a method of anticipating creek cross moments across a number of securities. Of course, my intention is to create a reliable indicator to overlay on Wyckoff accumulations in order to understand where the high pressure domes of selling, which pin price down, exist and to recognize as early as possible when one of those zones...
This week, I've been experimenting with a method of anticipating creek cross moments across a number of securities. Of course, my intention is to create a reliable indicator to overlay on Wyckoff accumulations in order to understand where the high pressure domes of selling, which pin price down, exist and to recognize as early as possible when one of those zones...
So, where are we headed? Well, the descending wedge that has formed points to the 8.392 fib @ $13.74. However, I do not see us playing out the entire wedge. That gold box seems like a reasonable zone to aim at, and I wouldn't be surprised to see a touch of $16.95 to satisfy the gap that remains from the June run, but at a minimum the golden zone sits just above...
This is AMC's all-time chart seen on the weekly timeframe. As you can see, we've retraced back toward our historic "reset" -- the IPO price of $18 -- which happens to perfectly fit the golden pocket of a fib extension from the ATL to the ATH of the stock.
This chart is going to go with the next one I post. To understand my thinking here, you'll need to see a more macro view of AMC's chart. This is an accumulation within the phase C "spring" of the spring phase of the June to Present re-accumulation. It's The Inception of Springs. For the last three days after what many (including myself) believed to be a terminal...
Have you ever watched slalom skiers? The way they weave down the mountain and pass between gates? AMC has been doing something similar for 8 straight trading days. What you have here is the same chart we've been looking at from the Accumulation Within The Spring that I first shared on Dec. 2. Once it seemed we'd reached bottom, I went to my The Cycle, Redux chart...
While things continue to track Wyckoff Reaccumulation behavior on the macro timeframe and Cycle 3's echo of Cycle 1 remains consistent (both charts below), I thought I'd update the micro view of AMC's accumulation within the spring. I've preferred this chart on the 10m view because the shorter timeframe signals MFI reactions a little more quickly, the 15m does...
Updating this chart slightly. I still see MANA as in reaccumulation and expect further upward momentum.
Noticed this a couple days ago, but it's holding well on the daily. MFI & OBV both show a bullish divergence. Since the MFI is quicker than the RSI, I expect to see the RSI follow suit soon, which would be the signal we're not just turning around, but turned. Let's see how this plays out next week.
Just something I noticed looking at the chart was how the cascade down on Tuesday and the price action that followed set up very much like a Wyckoff accumulation. Here are two potential paths for this small timeframe local accumulation: Yellow = what it could look like if the accumulation dips into a spring. I can see this being Composite Man's ultra cruel way to...
Previously (see link to chart below) I posted a simplified cycle analysis based on the work of @MrBooksy (on twitter). In that chart, I looked at the daily timeframe and noticed similar patterns of movement recurring in each cycle, with the pattern of the patterns growing more complex at each new consolidation level. Today, I noted AMC's volume returned to the...
After analyzing AMC from the beginning and in the news, I started to see patterns of news cycle driving a broader, retail-centric narrative. Here, I'm hypothesizing what the end-game might be for Composite Man, who has clearly spent years accumulating his position. When he begins to distribute, what would that look like? I'm not indicating timing or price levels...
TSLA appears to be entering a new phase of its lifecycle. Here, I map out what a distribution might look like.
McDonald's + Wyckoff, from 1968 - 2021 Part of a study of some legacy stock's long-term trajectories as a comparison to a younger ticker, like AMC.
Ford + Wyckoff, from 1968 - 2021 Part of a study of some legacy stock's long-term trajectories as a comparison to a younger ticker, like AMC.
Updating the idea, slightly. I see AMC as in an "after shakeout" reaccumulation, rather than "after decline" as I'd previously charted it.