$AMC breaking off the downtrend and bouncing the 0.786 FibAMC recently broke off of the downtrend we had since march 29th and bouncing off the .786 Fibonacci, respectively missing it by 14 cents.
If this was the end of the 2nd Elliott Wave, our next impulse lead us to the price target at 1.618 Fib -> $44.59
AMC trade ideas
A 10 month wedge on the weekly coming to an end.This ten month resistance has been a tough one. As you see in picture we rode it down to the support of said wedge. With it coming to an end next month, I’m expecting a big spring up after successfully breaking and holding above the resistance. Nfa so I’m putting no price targets. Hopefully something happens before then. If not I’m patiently waiting for my exit target.
AMC Entertainment (NYSE: $AMC) Likely To Wick Thru 0.786 Fibs!🕯AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
$AMC: Make Or Break⭐AMC is in a huge falling wedge starting from 30$
⭐Breakout of the falling wedge give us a target of 30$ +
⭐17.5$ Support needs to hold with significant volume
⭐MFI strongly oversold (Bullish Divergence, icoming?)
⭐Volume is lower than before while price is dropping (Bullish)
⭐Vix Fix Indicator strong signal of a bottom
⭐Ichimoku Cloud is green, which could indicate that price is about to make a reversal
⭐Break below 17.3$ (Daily close below) = Bearish
⭐Ichimoku Cloud support 17.3$ needs to hold with significant volume
⭐50K Open interest at 60$ (When 34$ is broken AMC should start running)
⭐Break 20$ (23.5k Open Interest and gamma will start having a positive effect on the price of AMC)
The values to cultivate in trading You have to have a mind of steel
You must have a strong mind. In trading it's not every time you win, sometimes you also lose. However, you must learn from your losses and this will allow you to stop making the same mistakes. It is the same in our daily life where we often face certain difficulties, but what is important is to be able to get up and move forward to become champion. Each failure is an experience, so don't doubt yourself and don't underestimate yourself!! You have the potential within you to succeed whether in trading or in your everyday life. Be mentally strong.
Man's greatest weakness: Doubt
You should never doubt yourself. Doubt is considered the greatest weakness of human beings. You have to believe in yourself, in what you do.
Above all, don't doubt your analyses, always be optimistic, see things on the bright side and the good things will reach you. It' s a natural phenomenon...
Patience in trading
To be a good trader, you have to be really patient. What does this mean? This mean that you have to wait for the right moment after your analyzes to take a position. You have only one bullet in your rifle to be able to hit your target.
This is my modest contribution while hoping to receive from you as well. Thank you for your attention. Peace and love..God bless...
Analysis of AMC - Only intended to obtain Reputation pointsHello, everyone. As the title described, this analysis is not professional, is just a basic observation of the candles in the chart, anything can happen at any moment and change every direction and pattern.
Hope you all have a peaceful weekend. And I wish all luck to AMC traders and Holders.
Thanks in advance for the help given to help me access group chats.
AMC wedgeNYSE:AMC
The wedge is narrowing on the weekly chart...
Amc found resistance at the 50 and 200 day SMMA,
Can we aspect a death cross?
Perhaps we will test the stong support line at $14,82.
Curious, about the wedge breakout. Also curious at you perception of this situation.
Are you bullish or bearish on AMC?
This is no financial advice