This is actually beautiful to see. AMC is consolidating or confirming this channel between $52 and $65 - which is a sign of strength otherwise it'd just crash back down to its lows.
It's narrowing and approaching the end of this textbook Symmetrical Triangle Wave Pattern - so it can either break up or down but there is a higher probability it will break UP. The end of this wedge is EOD Jun 28 Monday. Stay tuned.
It's narrowing and approaching the end of this textbook Symmetrical Triangle Wave Pattern - so it can either break up or down but there is a higher probability it will break UP. The end of this wedge is EOD Jun 28 Monday. Stay tuned.
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