I made the gans of of the angle trend. And educated guessed time using fractal theory and time and events. Came up with this rough draft. And theorized based on that the potential route of amc if fractal theory is correct on AMC
I put the RICH in Richie… well actually my parents do. Open short on $AMC at 34 bucks. I get my financial advice from @IcebergResearch.
Not Financial Advice.
As you can see it is a bullish structure we are near to finishing the triangle, if we break upward we can easily anticipate what AMC is trying to tell us to the moon baby...
Looks like we're seeing a shift here with the buying pressure starting to come in, We need momentum to continue if we expect us to finally break out of this Wedge/Triangle though.
I've been grabbing leaps and shares every chance I get, The longer these institutions prolong this the more violent the breakout will be. RSI, MACD & STOCH are in great positions IMO,...
If you have been following AMC , you know this is not a fundamental play.
My analysis is based on few factors.
I first placed a fib chart to help display the key levels we should be looking at. The bounce off the $36 support is clear confirmation AMC has begun to turn back around after the previous pullback.
At $38 we see the candle wick form a new resistance....
I have, myself, full confidence that if all do their duty, if nothing is neglected, and if the best arrangements are made, as they are being made, we shall prove ourselves once again able to defend our home Banana Planet, to ride out the storm of war, and to outlive the menace of tyranny Occupying Tendie Town.
We are going to to Banana Planet based off of my...
Just charting supports and resistances that i see. I think if we dip below here we goto 36 briefly then 32ish before hopefully getting a healthy bounce. The entire market is red today, obviously we would get hit too. Crypto is down, stocks are down, and silver is way down. So just take the dips as opportunities when they present themselves to DCA . Upside targets...
Pole and flag are of the most bullish structure just after breaking to the upside you cannot able to get in. I am anticipating 47 to 50 level it could be consolidated and soon it could go to ATH. Happy trading Best of luck.
looking back at volkswagen 2008, the graph looks almost identical ... it was at 480, it dipped to 210 before it ripped to 1k ... AMC is in same position right now ... dipped hard, apes HODL, apes mooning, simple as that, lets get our tendies !!!!!!!
