Guys buckle in because shabba dabba ding dong, we're about to freaking, give you the most in-depth ta video that i have uh done for some time. I i spent quite a bit of time trying to find some recognizable patterns, an amc that we can potentially take to predict some future price action, not microscopically, but macroscopically right. I look back from january until june what happened in between then to get us to that large move, and then i look from june until now, and i think i've got a pretty good idea if we were to follow very similar trends, which we have so far. Actually, uh to get us to the next promised land, but before we get into that, what is up everybody i'm going to trace trades.

Three free talk fast and don't skip class. I'm going to promise by saying that i'm going to find advisor experts so take what you say to solve: let's get into the meat and potatoes with gravy, because here at freaking, trey's kitchen, we like that gravy on our on our roast beef sandwiches. So today, my friends, i want to give you no price targets, no dates, just pure pattern and trend. What i think you can see based on some previous action.

That's happened on amc and i've got things color coded appropriately, so you can see exactly what i'm talking about, keep in mind a couple things right. This does not mean it's going to meet to an exact dollar these levels that i've dictated as you will see by the overall trend, and it does not give you a time frame - it's not going to be a price target right. None of this is to be taken in any sort of literal way as to the exact penny, it's a generalized trend right. It's an estimate on what i think you could see based on what's been happening here on the charts.

So let's go back in time. Let's look at amc stock between uh december early january to the first decent sized run-up right. What did you see? Well, first off you got a freaking what i like to call hulk dick sort of move from a dollar 91, all the way up to 25.80, but i am excluding the candle wicks. I want to take the meat of the move.

I want to take the actual uh, what you consider the sandwich and not the freaking sesame seeds on top of the bun right. What do you have here? Dollar: 91 up to about 20 and uh some chain 19.93, and the fibonacci retracement is what is labeled and white. A fibonacci retracement gives you ideas of levels that you can see a stock pull back to, based on the meat of a move right from the bottom of a run up to the top of a run-up and the red trend lines right here are a wedge formation. So if i was to get rid of this, this fibonacci retracement, what do you see here in red, excluding this 1450 level, is a downside level of resistance right? You got at least three touch points, which is what i would use to consider any significant level of support or resistance.

You get one touch point here. One touch point here: touch point here, touch point here and then a break of that overall level to ultimately bring us up to the next big parabolic move right. You got this huge wedge formation and the break of that overall wedge. Well, you also have retracements right, and that is these green trend lines bouncing off of the fibonacci retracement, and i like to call this an abcde pattern, and you have that sort of playing out here on a very large scale, time frame between january.

The initial run up until june the next parabolic run-up right now. What do you got here? Well, 100 percent down here is the beginning of the move. Zero percent is the top of the move. So if you had, for example, a 78.6 retracement, it means that you're giving back 78.6 of the move from 1.91 up to 19.96 or so right.

So you get that right here. It pulls back from zero percent down to about 78.6, which is 5.90. So it's essentially, to put it very simply, a pullback right, it's just a percentage of the top of a move. Now you get this a pattern right here.

This is what i would call the a pattern, the beginning of the abcde at this first trend line. A second trend line right here would be that b, move c. What do you have next? This is a long sort of exaggerated move up to what i would call this 38.2 retracement level and you're gon na see that come to uh pretty high importance as we move into where we currently are sitting in terms of overall trend. You also get a test of that 1450 level, which is labeled right here in red.

This is very important because, when i said way back in uh freaking may i said, 14 15 is done, and that was the pivotal level very similar to what i'm about to show you next now, after this 38.2 retracement right, as i said, it's an overall trend, It's not going to bounce exactly off those levels, but it does meet right here somewhere in the middle it bounces back down once again, and where does it come back down to the 61.8 retracement until ultimately setting the next all-time high for the stock, which was that 77 level for the same sort of setup right here i took the meat of the move. Now, what's the most important part of this trend right? Why do i want to point this out to you in terms of a macroscopic look at amc stock? Well, if you look at this right now, what you can see is: there's an abcde pattern, a b c d e, a being the big move and e being the next big move leading into the a of the next overall pattern right, and you also have a Wedge, breakout - and that happens at a very similar time frame to when this e beginning of the pattern starts now. This doesn't mean that, right when it breaks that wedge you're going to see this parabolic move, because that did take some time right. You got the break of the wedge and then it didn't take.

You know about a week and a half two weeks until you really started seeing some accelerated growth now, what's probably the most important thing, if you look at this on a daily candle setup, well, you can see that once you broke that wedge, the volume actually was Not that high it was decently low, and what does that mean? It means that days to cover, which is an estimate comparing the overall uh volume of a stock compared to the short interest. It takes a calculated uh percentage of that, a ratio you could say, and it gives you an idea of how hard it's going to be for shorts to cover positions. You have low volume on the break of that overall, wedge, meaning there's a not a lot of turnover. People aren't exchanging hands.

No one wants to trade, lemon pepper attendees for lemon pepper tendees. That does not make any sense, because they're both freaking lemon pepper tenders, right they're, just holding their they're holding their stock because they know this thing is gon na. Do its thing, and you are seeing very similar situations to that right now. So, looking at this chart right now, what do we have a couple different things: abcde pattern, you're, getting that nice retracement off the fibonacci.

You have the break of this very large scale, macroscopic wedge and you have low volume on the break of that wedge. Now. Keep that in mind: what do you have from the move of 25 at zero percent up to this move right here that comes out to a 2.62 times multiplier, bringing you about a 200 and some change percentage, uh run from that 25 level right so now we're Gon na come to the present day. What do you have playing out right now? Well, remember what i talked about with this fibonacci retracement: sort of bounce right, you're, getting the very same sort of setups.

You have this move right here up to zero percent. The a pattern down to 78.6 up to 38.2 down to 61.8 and then the next big move. Well now i've got that drawn out. Once again, you have the zero percent move right here comes down close to 78.6.

As i mentioned, this is an overall trend. It's not exact pennies, it's not exact dollars, but you can see what i'm talking about here. You come up to right here, 23.6, come down to 61.8, as you can see right here and next. What do you expect? The next decent-sized move and you're following the exact same pattern with that wedge, breakout as well, and the most significant information guys is that the volume is low and what does that mean? It means there's not shares trading hands.

It means people are sitting on positions waiting for the next decent-sized move to come and what could be happening here right? Why would you see this break out of the wedge, despite the fact that there's not hands trading the stock right now? Well, you have call offers that could be potentially running in the money. You could have some shorts, obviously not all causing a short squeeze, but some shorts getting out of their positions similar to uh, iceberg lettuce, capital, apparently that start to slowly push this thing up right. It's like taking the stairs to uh the kraken kingdom and then once you get up a couple stairs, then you've got the elevator that runs at a 100 million miles an hour, giving you a freaking geforce takeoff out of the freaking doorway right. You have that sort of move starting to happen right now, and it's just the beginning of that move.

Now. What is different this time compared to last time? Is this false breakout? You didn't get this false breakout out of the wedge back here in this uh. This january to june time frame, but you do have that overall break - you can maybe consider this a false breakout in terms of uh that that overall move, which does line up pretty decently well with that d, part of that retracement pattern right. So i do think you are getting somewhat close, i'm not going to say tomorrow, i'm not going to say a week, i'm not going to say it maybe two weeks right, but i do think you're getting into the next part of this pattern.

The e pattern you have this break out of the wedge and if it continues for our next couple days, that is going to be the absolute confirmation that i want to see right to see that this is going to do what i think it's going to do. But this is what's beautiful guys if it was to follow and there's actually more strength than this overall run up right here right, it didn't retrace nearly as hard. It didn't come all the way down to that 78.6. It held onto these levels for much much longer.

People are holding their stock, the apes are holding their freaking stock, guys they're waiting for this next decent-sized move. So if it was to follow the same sort of trend that 2.62 times multiplier, what would that bring you to? Well, i've done the liberty of drawing out the fibonacci retracement, for you guys, that'd be right here. 173.53 would be that 261.8 retracement same exact thing, as we saw from the june the january to june run up right just based purely on trend and pattern. Now guys you can do this for yourselves, you can drop the charts.

You can drop the wedge. You can drop the fibonacci retracements. You can drop that blah blah blah blah blah and go to these same conclusions, but macroscopically speaking, don't look at the day-to-day. Don't look at the freaking minute price candles i made that mistake, you're gon na obsess over it, i'm telling you set some price alerts, set it and forget it, because i think - and this is about the closest i'm gon na - come to giving you guys a time Frame sometime in the next month, right i'd, say between two and four weeks, possibly five weeks, you're gon na see the next part of this abcde pattern.

The e right here start to come to fruition because you're watching the exact same trend play out damn near picture. Perfect, the only sort of part that isn't picture perfect is it's actually stronger. It's not coming exactly down to that 78.6 retracement level. It's it's holding itself much better than it has prior in the past patience.

If there's, if there's anything to be to be told about. What's happening right now, volume's low, which means there's no turnover, which means people are holding their stock, and this is following a pattern whether you agree with technical analysis or not. My friends right. This is in front of your eyes.

You can see it, you can see the uh, the priced in the price and stuff happening right now, following the exact same generalized trend right, there's gon na be times when it's above and it's below it's above it's below right. You can see that back here as well, it's above it's below it's above it's below it's above it's below, it goes back and forth, but the trend is what i'm paying attention to macroscopically. I think if you want to see the next size move it's coming and it's coming soon like i said, that's that's about as much as i can say and uh. I suppose that's what i got for you.

So i put on a hat today because uh my hair is getting too long. I need a haircut and i didn't go in this weekend, but blah blah blah. I know this will drop like consider. Subscribing to my friends.

I also finally set up a p.o box. The description is the the the address is gon na, be in the description box down below. If you wan na check that out, but nonetheless much love to everybody catch on the next one lights, apps always and peace.