AMC Update

Chart posted 5-21-2021 8:35am We had a good ride down.. but still bullish. Prepare for new profits :)
Looks like we have new patterns forming inside the macro pattern. Direct your attention to the yellow pattern. Remember previous chart we had a massive bullish shark pattern form- we have been trading inside it- showing good support we now have some embedded harmonics of a bullish crab forming for the bearish crab.. this should ride up today up to 14 dollars if we do not see failure. significant POINTS- 12.15- 12.50 (bounce point for today)- UP TO 13.50 FOR SLIGHT CORRECTION.. THEN 14.00 TO FINISH THIS PATTERN. I suspect we get higher upside, but will revisit once we see things play out. Noted resistance point/ support at 13.18-13.20. Overall BULLISH.

İşlem aktif:

Market just turned down- if AMC breaks 12.15 - this could be a problem. Exit and wait for pattern to play out.

İşlem aktif:

We came down below 12.15 for a short moment.. the price action continues to come to this mark.. so either we go down- or come up. Today didnt really show us much. Poker Faces- lets see what happens Monday. If price is lower will have to see what develops. We had a couple of looks when price was rallying.. and maybe Monday is what we need to get over the hump. CHEERS!

İşlem aktif:

Good retest of 12.15 mark again- and we gooooone! :)

İşlem elle kapatılmış:

13.86 looks like a good take profit for today. I think price action may settle. Ill recalibrate the chart this evening. If price continues above 13.86 - good buy area, but I think we consolidate a bit before upside.

Yorum:

See updated chart