Zulu_Kilo

Zulu_Kilo

Here are the zoomed in supply and demand zones. We can see the areas right before the quick drop as our S&D levels. Here are the zoomed in views: Expect a drop into the 19.7-19.8k price demand zone with a reversal likely back up to the 20.6-20.7k levels. We can see that price broke structure at this supply zone, therefore a short is warranted into the nearest...

Zulu_Kilo

I have been forecasting a high near $30 on AMC for a while now. There are a lot of Wyckoff trading ranges working in conjunction with one another at the present time, which is great because it allows for much better price forecasts. Expect that the markets will be CRAZY next week. We will be hitting a top in the markets and there will be yet another round of...

Zulu_Kilo Updated 

I'm going to clarify this... I know that AMC is dong a "special split". Don't be consumed, this is stock dilution... Period. The HIGH next week will come BEFORE the 19th. There will be a HUGE crash of this stock before the 19th. You won't be able to catch the top AND have the APE split, so you better get clarity on which one is more important to you. The...

Zulu_Kilo

Guys based on how this is shaping up, I am having to reforecast again after a much more detailed look. I don't think we make a new high here. I fully believe we are going into an upthrust after distribution phase and will not make a new high. We are already diverging on one indicator, and I have a feeling we will on two separate indicators. and we will likely see...

Zulu_Kilo Updated 

From my previously charted forecast for AMC (see related ideas) I picked up on another distribution cycle playing out and realized that the secondary test (ST) phase can correspond with the Upthrust of the green distribution trading range. If you're not familiar with accumulation and distribution, I strongly encourage researching Wyckoff's work to gain a better...

Zulu_Kilo Updated 

To be clear, I am in a SHORT term bullish mindset. Although my belief is that we should go back down to somewhere around $16-$17 before hitting an apx $40 range target. Now... This could be anywhere from $35-$52 to be clear. But one thing is for certain... It is meant to liquidate heavily shorted positions, or scare them out of their positions. Also meant to...

Zulu_Kilo Updated 

So, I had been busting my bubble trying to figure out what's going to happen with Bitcoin for a while now... The chart is messy, but there are so many details that need entertained that it can become a cluster to make it make sense. I finally realized that we went through an accumulation stage back in 2019 to 2020. While in the ultra long-long term, this is...

Zulu_Kilo Updated 

So in purely Wyckoff trading terms, what we seem to be in is a "SPRING" type event. This happens when accumulation is confirmed (please see chart on the explanation), yet the stock goes into a major downturn afterwards. This is meant to shake people out of the stock so that the operators that are in control of the stock can buy in for cheaper and ride it to the...

Zulu_Kilo Updated 

NOTE: The terms I use in this chart will come from Wyckoff accumulation and/or distribution patterns. ALSO note that the price action I'm showing is approximate, DO NOT go buy the exact price of where the arrows are drawn. They are drawn strictly to show you price action and not specific prices I think will be hit exactly. In the descending channel we are...

Zulu_Kilo

Ever stare at a chart long enough and realize that most of the patterns you recognize seem to be in the form of a "W" or an "M"? Well, in our case, the most important and most prevalent of the two is the "W" pattern. The "M" pattern is generally for distribution, but that's going to be another post. For now, we will just concentrate on the "W" formations.......

Zulu_Kilo Updated 

The good ol' fashioned volume bars, long a part of basic TA has been commonly misunderstood, mis-used and under-appreciated. Many people over confuse their TA with other indicators, and frankly, once you learn the volume game and how to use it - you will NEVER want to cheat on the volume indicator with another one, ever again. TA on volume actually works on all...

Zulu_Kilo Updated 

This has been a very tricky little range to forecast, consolidation has been a killer at this range. I do like the idea of at least retesting 24.2, however, you should not be in a position right now until price clarifies intent. In our case, the break above the 23.9 high can be profitable. But also be ready for a breakout below 23.4... This area where we are is...

Zulu_Kilo

Using the 3 swing volume confirmation method (3 lower lows on consecutive volume highs) confirmed the trend down... What's happening right now is that we are in a period where we will be measuring the retracement back up (although I do predict a slightly lower low soon). We will be able to gauge and measure the amount that we will go lower once we know the full...

Zulu_Kilo Updated 

This is the power of volume right here...... If done correctly (please see my previous idea about trading on volume) it can yield amazing results. It's not perfect, but it works like a charm! So in my last idea I talked about a push to around 24.3k, and what do you know!? I was only off by a little over $100 off my target!!! That's pretty good.... As you can...

Zulu_Kilo

Volume is a GREAT trend tool! As a matter of fact, I got so extremely obsessed with learning how to trade on volume that I spent days upon days going through different setups that seemed to yield consistent rewards. I have spent several days back-testing this method and have come up with very impressive win rates. It so far has beaten every other strategy I have...

Zulu_Kilo

Bigger picture: As you can see in the larger view, we have hit the bottom of an acceleration channel to the downside. Price broke below the trading range with decent volume. The volume of the test back to support (now resistance) will determine if this is a true breakdown from the range, or a type 2 spring. We really want to check the volume on the way back up,...

Zulu_Kilo

I screwed up my last EW models in my previous post because I realized that the moves down are now impulsive...... Which means that in the larger uptrend impulse wave picture we must be in a wave 4 correction. When you are in a Wave 4 correction in an impulsive 5 wave uptrend, the corrective legs will be impulsive 5 waves on the downside A and C legs, and...

Zulu_Kilo

We will eventually make it to the 20k to 20.4k target I'm foreseeing, but we need to get through the ABC correction that's likely to unfold during the week. Here is how I'm seeing the chart...