MrNobody12

MrNobody12

From June to now on the 1D chart, AMC has very slowly been creating Lower High's and Lower Low's but alongside that the Volume has also been decreasing which can be interpreted as a signal for a bullish reversal - volume typically follows strong trends. With that being said, using ADX to analyse the trend strength (below is the value interpretation sheet), we...

MrNobody12

Starting from IPO - we had formed 3 Descending Peaks bearish pattern which were relatively wide where we saw downside all the way to March 2020. Between September 20' to Jan 21', we formed a Double Bottom confirming the end of our long term bear trend as being one of the main bullish reversal patterns. From Jan 21' to now, it looks to me we are possibly in the...

MrNobody12

As we all know the longer the supports and resistances are respected the more powerful they are on a macro scale. Here I have drawn out Price Channels using supports and resistances dating all the way back to IPO and some seem to be lining up with the price ranges we've been trading within between Feb to May (Green) and June to Today (Yellow). From there I...