AMC still bullish than ever

17 May 2021

So we can see how the late Friday sell off has created a nicely shaped SHARK pattern. Now all you have to do is hang on for the ride... it will shake you out.. so prepare for some heavy ups and downs, but the overall move is UP. Lets see what happens. Support was at the 50 FIB so we should see price targets around the 16.00 mark before severe corrections.. Please note the last chart- this is a SUB HARMONIC pattern... not the MACRO.

17 May 2021

İşlem aktif

Target 16.06 on this SUB HARMONIC... before correction.

17 May 2021

İşlem aktif

As stated earlier there will be violent pullbacks and price moves. Hang in there :) I think we will see a big pull back in a few.

17 May 2021

Not

Post Market has gone to 15.20 already LOL

18 May 2021

Not

Resistance level 14.37- purple line above.. this will slow the price ranging to upside, but not end it.

19 May 2021

Not

Down to 13 pre market.. but still within this pattern- price action today will reveal what this pattern wants to do. Tht resistance point proved to be another reset marker- very strong.

19 May 2021

Not

Dont be so quick to exit. This is only a finishing wave.. Suspect price to hold at least at 12.60 no lower than 12.20. If lower than 21.20 the pattern will be busted to a lower level like 11 dollars (below 11 its dead) ... But looks like it is supporting at the original level marked on chart - see red line. This is heart line of the pattern. Will continue to monitor if it holds this level if so- its still bullish. The reset will have confirmed the original chart pattern- see that chart.

20 May 2021

Not

Expect support 12- 12.15.. anything lower would not be good.

20 May 2021

Not

Excellent bounce from 12.15- back off to the races... what a retrace! Confident on the long position from here as long as we stay above 12.15

20 May 2021

Not

Second bounce at 12:15- this appears to be a confirming low.