I was certainly bullish for AMC to make another run for it on a break ~65 but as we see, that didn't last too long....
AMC has been trading in this rising wedge for awhile now and its bound to break out of it one way or another...I will be betting on the bearish way for this setup.
I know all the apes might hate me for this but I see this as a huge money making opportunity! Make money both ways you gorilla...
My ideal entry would be another bounce to 64.66 (78.6 fib) to load up on 7/16 50p!
PT1: 56.14
PT2: 49.75 (gap)
PT3: 31.81 (1D DEMAND)
AMC has been trading in this rising wedge for awhile now and its bound to break out of it one way or another...I will be betting on the bearish way for this setup.
I know all the apes might hate me for this but I see this as a huge money making opportunity! Make money both ways you gorilla...
My ideal entry would be another bounce to 64.66 (78.6 fib) to load up on 7/16 50p!
PT1: 56.14
PT2: 49.75 (gap)
PT3: 31.81 (1D DEMAND)
Trade active:
Well...this one goes to all the doubters in the comments but uh we reached PT1 today! Congrats to anyone who followed this play! :)
Comment:
And with 2 PTs getting taken out.. the last PT looks like itll be coming in very soon! congrats to all the players and didnt ape into calls like my comment section;)
Trade closed: target reached:
AND THERE IT IS! AMC HAS REACHED MY FINAL PT:) Thanks for all the lovely comments when I first posted this, hope everyone didnt lose their money....
