AMC may be set to enter wave 3 of decline

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First see linked.

We've made a low in the area of where a wave 1 would typically end and we've retraced to around where wave 2 would typically end if a downtrend was to form. If there's another break - this could get nasty.


Get quite a lot of abuse for sharing a TA forecast on AMC saying it might not go to 10,000 tomorrow. Let me pre-answer to save time;

"Never went down the middle like your forecast"

- Okay. The forecast was to look for bears on a specified level. Markets can trade flat for a while.

"You've been wrong before"

- Okay. I'll be wrong again. That's what happens when you make probabilities based forecasts on the future.

"Go push the short narrative elsewhere!"

- Like where? This is a trading site. It's a good place for it. Also, no. Just take my money if you know better.

"You wish!"

- I don't. Not everyone betting on mean reversion wants you to fail, they're just betting on the odds.
Commentaire
Break has been made.
Chart PatternsHarmonic PatternsTrend Analysis

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