To anyone that needs help once in a while I do, so I hope this goes out to someone who needs it. Anyways, lots of cool things that I discovered through my analysis. I am long 12 $3300 calls in AMZN. I am going to bank on these tomorrow. I believe we are going to go back into the arc. I actually made an analysis like this with $ROKU but never published it and it was spot on. I like the arc analyses. There's a lot of symmetry. I find it interesting that the center is not in fact the center where you would think it is. It is illustrated by a vertical black dotted line. I found it even more interesting that my diagonal lines underneath the arc line up nicely with the graph and almost add up to 180 degrees.
The two double dip bottoms interchange with which one is lower, but you can tell that it is the corresponding bottom, because of the arc. Just like Roku in the Summer of 2020 it fell outside the arc, then shot right back in it afterwards, because this is how nature rolls. It gets really confusing and there is no point in over analyzing, but if you see something that is generally obvious and cool is the thickness or extra time that I have in the center and how it lines up with the end of the arc.
Also, I have a very faint light blue line that is the open of 10/30 and 11/09. Another cool thing that you probably would not notice is that the 1 degree angle with the lower top grey line matches with the top of the arc as well.
If you draw a line from 10/27 to 11/03 and then that same line cloned from 11/10 to tomorrow, you get $3300 as well. I believe we could go as high at $3010 - $3020.
The most prevalent grey line we see the price at the same level as the other side, this is where I drew in my symmetric Bars Patterns.
It is also very cool how those blue dashed underside lines also allow $3300 to happen tomorrow.
Throw a regression channel on it and $3200 is a magnet. The demand zone in around $3100. The supply zone is around $3300. Goodluck everyone!
Feel free to like, follow, and donate!
The two double dip bottoms interchange with which one is lower, but you can tell that it is the corresponding bottom, because of the arc. Just like Roku in the Summer of 2020 it fell outside the arc, then shot right back in it afterwards, because this is how nature rolls. It gets really confusing and there is no point in over analyzing, but if you see something that is generally obvious and cool is the thickness or extra time that I have in the center and how it lines up with the end of the arc.
Also, I have a very faint light blue line that is the open of 10/30 and 11/09. Another cool thing that you probably would not notice is that the 1 degree angle with the lower top grey line matches with the top of the arc as well.
If you draw a line from 10/27 to 11/03 and then that same line cloned from 11/10 to tomorrow, you get $3300 as well. I believe we could go as high at $3010 - $3020.
The most prevalent grey line we see the price at the same level as the other side, this is where I drew in my symmetric Bars Patterns.
It is also very cool how those blue dashed underside lines also allow $3300 to happen tomorrow.
Throw a regression channel on it and $3200 is a magnet. The demand zone in around $3100. The supply zone is around $3300. Goodluck everyone!
Feel free to like, follow, and donate!