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AMC October 2022 Psychic Predictions

Updated: Nov 21, 2022



  • Month’s theme: We have the completion of a rally, however that behavior is nullified.


  • Behavior around the high: A brief high followed by a notable decline.


  • Behavior around the low: There’s a big move to the upside out of the low. The month’s low will likely be on the 12th.


  • Trade opportunities:

    • On the 5th, there’s a trade opportunity to open up a long position in the midst of a decline.

    • Two trade opportunities on the 21st: One involves the completion of a bullish trend marked by a fast, sudden move higher and then a breakdown through a diagonal trend line that we were rallying along. The other swing trade opportunity involves a notable decline that will stand out on a one-day chart. This offers an opportunity to open up a long position.


Overview:


Week One (10/3-10/7):


On October 3rd, we’ll have a decline to and through a support level. There will be a reversal below the support level where we then move back up to reuse that support. There are two local or prominent highs and one local. There’s also a trade opportunity on the 3rd involving sideways fluctuations with a bullish trend preceding a decline. On the 4th, there’s a notable decline through multiple support levels. There’s one local high and multiple failed attempts to break through key resistance around that high. On the 5th, we’ll have our first low or prominent trough for the month. There will be sideways fluctuations with a bearish trend preceding a rally. There’s a trade opportunity to open up a long position in the midst of a decline. There are two crests toward the end of the day on the 5th. On the 6th, there’s a big drop that will stand out on a one-month chart. On the 7th, we have another low. It looks like we’ll have volatility on the 7th with a sharp dip that will stand out on a one-day chart.


Week Two (10/10-10/14):


There’s a big move over the weekend or early in the morning on the 10th. This move is an intentional fake out or shake out. On the 11th, it looks like we’ll probably have a prominent crest on a one-month chart. A not-so-common leader is highlighted here. There may be a holding pattern of some kind followed by a big pop up and drop back down. On the 12th, we’ll likely have a notable decline and the low for the month. We’ll begin to move higher again on the 13th. There are also three prominent highs on a one-day chart on the 13th. On the 14th, we have three failed attempts to break through key resistance followed by a decline back down to revisit the month’s low. There’s a big move over the weekend where we go from a low to a notable gap up.


Week Three (10/17-10/21):


On the 18th, there’s a lot of volatility and a critical resistance level is highlighted. It looks like we’ll have a prominent trough early on the 19th. We’ll also have selling from overbought territory on the RSI. We’ll likely see a month’s high on the 19th or 20th. On the 20th, we’ll see the start of a rally that increases with momentum moving forward in time. There’s another prominent trough on the 21st with some highs in the midst of it. There will also be a decline to and through a support level to meet another support level, and then we rotate sideways along that support level. I’m advised to open up protection in the midst of a rally near the low at the end of the day on the 21st. We’ll also have a prominent trough on the 21st. There are two swing trade opportunities: One involves the completion of a bullish trend marked by a fast, sudden move higher and then a breakdown through a diagonal trend line that we were rallying along. The other swing trade opportunity involves a notable decline that will stand out on a one-day chart. This offers an opportunity to open up a long position. On the 25th, there are multiple false tops or some sort of tricky behavior. There are two prominent highs on a one-day chart on the 25th. On the 26th, we’ll see two prominent highs again. On the 27th, we rotate sideways along key support on a one-month chart. We’ll rise a bit to meet the closest critical resistance and then we drop back down to the last critical support level. On the 28th, that rotation turns more into bullish price swings. There’s a decline over the weekend or early on the 31st. From that decline, we’ll see a fast, sudden move to the upside marking the end of a decline.




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