Why I’m STILL super stoked about $AMC WITHOUT any cycle theory just quality TA.
If you don’t like dates, stop reading and unfollow or you’re gonna be pissed.
I know this looks crazy, so let me explain……
A thread 👇
If you don’t like dates, stop reading and unfollow or you’re gonna be pissed.
I know this looks crazy, so let me explain……
A thread 👇
1. EWT
To me this is an undeniable look that there isn’t going to be at least a big wave 5 (thick red line). We have a wave 1 in January, corrective wave 2, wave 3 in June, corrective wave 4 and now waiting on a massive wave 5. 🤔
Let me explain why I believe it’s “soon”
To me this is an undeniable look that there isn’t going to be at least a big wave 5 (thick red line). We have a wave 1 in January, corrective wave 2, wave 3 in June, corrective wave 4 and now waiting on a massive wave 5. 🤔
Let me explain why I believe it’s “soon”
2. Bull trends
The two purple bull trends are the ones everyone was using until we broke underneath them.
They both began from the low points after the massive run ups in Jan and June as seen below.
The two purple bull trends are the ones everyone was using until we broke underneath them.
They both began from the low points after the massive run ups in Jan and June as seen below.
Once we broke underneath the purple bull trends we were picked up by the white ones.
The white trends came from the low points before both run ups.
The white trends also intersected with $AMC at the .618 retrace from the big runs in Jan and June.
The white trends came from the low points before both run ups.
The white trends also intersected with $AMC at the .618 retrace from the big runs in Jan and June.
3. Fib levels
As I just said, the next leg up in June began when the .618 met the long term white trend.
Before that, a massive double bottom or “W” was formed with two clear touch points on the .618.
In Jan this sent us to what I’ve been calling the “launch pad”
As I just said, the next leg up in June began when the .618 met the long term white trend.
Before that, a massive double bottom or “W” was formed with two clear touch points on the .618.
In Jan this sent us to what I’ve been calling the “launch pad”
4. The box
Each box is where we went below the purple trend, above the white and hit the .618
🚨Ready?🚨
After the low on 5/6 it was the 5th trading day after (5/13) we saw the 20% move that took us to the “launch pad” area.
Each box is where we went below the purple trend, above the white and hit the .618
🚨Ready?🚨
After the low on 5/6 it was the 5th trading day after (5/13) we saw the 20% move that took us to the “launch pad” area.
Our low on where we are currently came on 10/29. The 5th trading day after that would be on wait for it………November 5th….yep….tomorrow. 😅
Now….does this mean it will happen…absolutely NOT.
But it is literally the exact same setup as we had before the June run that took us to ATH’s
Even if the “big move” doesn’t come tomorrow, this is undeniably bullish and I’m super excited.
But it is literally the exact same setup as we had before the June run that took us to ATH’s
Even if the “big move” doesn’t come tomorrow, this is undeniably bullish and I’m super excited.
I legit might have been 1 day early 😂
Even if it doesn’t happen tomorrow, we are in an amazing area/setup and I still 100% believe the next leg is coming, and coming soon.
Even if it doesn’t happen tomorrow, we are in an amazing area/setup and I still 100% believe the next leg is coming, and coming soon.
Thank you to everyone who is still supporting me today and have been awesome.
We could all use and show a little more grace these days, and I genuinely thank you for how most have reacted today.
I promise I was more upset than you.
So…see you tomorrow 😉
We could all use and show a little more grace these days, and I genuinely thank you for how most have reacted today.
I promise I was more upset than you.
So…see you tomorrow 😉
@davidmarinojr @johnholowach @manyfcdgod @My_friend_Mocha @kennyG_lied @ThatGuyAstro @bryanbrooks
Thoughts?
Thoughts?
One more thing. I still believe in cycle theory and the awesome things @ThatGuyAstro has done.
I just also wanted to show that my reasons for being super bullish on $AMC are not just cycles
I just also wanted to show that my reasons for being super bullish on $AMC are not just cycles
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