AMC Broad Bottom Formation

15 thg 7, 2021

Well the bottom was called at 32.88-we got that at the opening bell. Been watching this develop and I think we should have a crab pattern forming. This is not a deep crab pattern, but a very modest one with a take profit 1 around 40.15 - and should continue up if it does not reject. As this develops look for upside from here.. if we go down further than it will negate this pattern. So set your stops. AMC was a bit of a nightmare for the unexpected, but we called this short and the bottom... I am looking for some upside. Shorts are set just in case.

15 thg 7, 2021

Giao dịch đang hoạt động

Trade opened at 34.50- target 40.15- 40.20

16 thg 7, 2021

Giao dịch được đóng thủ công

Took profits earlier today at 37.50... looking to re-enter, but anything below 34.00 is a failed move.

16 thg 7, 2021

Giao dịch đang hoạt động

34.82- stop limit order.. lets see if we can go back upside.

20 thg 7, 2021

Ghi chú

The fake bounce downside still ended up playing back upside. Amazing :) It was called.... Broadening Bottom was accurate here.

20 thg 7, 2021

Ghi chú

AMC does need to get over 40 dollars to confirm an up break... anything less than this will signify a failure of the bottom formation. Typically we like to see 5% or more gains .. we are just about 2% from last top in the formation right now.

20 thg 7, 2021

Ghi chú

Broadening Bottom looks legit. Will update with new chart- this early pattern is not valid.. the call was, but not the pattern. Update to follow.