The chart speaks for itself. We are wedging while coincidentally going into EARNINGS this week. These two factors will certainly aid a big move. Look for a large move to fake out traders, followed by a reversal..i.e., a sharp decline with volume , followed by a gradual rise up to ultimately reverse the initial move or vice-versa.
There is also a second possible wedge outside of the one that we are forming now. If this current wedge fails, then we are looking to wedge into the second wedge. Price will fall a bit and bob-and-weave in this area. Once we wedge, look for another move. I believe this will be the last scenerio to look for before a direction has been chosen. Once conviction has been completed, I believe this will be the direction in which it is heading, no more B.S.
My advice: Do not hop on the train with the initial move, instead, wait for CONVICTION and then place an entry. Price could decline towards the 28-30 mark and then sharply reverse and cause a squeeze to the upside. Or, the opposite could occur, it can shoot up to the low to mid 40s and then reverse to the downside to catch additional longs to pull them down so that the shorts make more money on the AMC long holders.
The issue here is, it has been made clear that the APES are willing to hold on to 0....So, why wouldnt the market makers move the market down towards 0 and make their billions off of the losses of the late entry APES who are going down with the ship? The elite would be FOOLISH not to.
We shall see. This equity is far to unpredictable to make a true analysis because it goes against all true fundamentals.
There is also a second possible wedge outside of the one that we are forming now. If this current wedge fails, then we are looking to wedge into the second wedge. Price will fall a bit and bob-and-weave in this area. Once we wedge, look for another move. I believe this will be the last scenerio to look for before a direction has been chosen. Once conviction has been completed, I believe this will be the direction in which it is heading, no more B.S.
My advice: Do not hop on the train with the initial move, instead, wait for CONVICTION and then place an entry. Price could decline towards the 28-30 mark and then sharply reverse and cause a squeeze to the upside. Or, the opposite could occur, it can shoot up to the low to mid 40s and then reverse to the downside to catch additional longs to pull them down so that the shorts make more money on the AMC long holders.
The issue here is, it has been made clear that the APES are willing to hold on to 0....So, why wouldnt the market makers move the market down towards 0 and make their billions off of the losses of the late entry APES who are going down with the ship? The elite would be FOOLISH not to.
We shall see. This equity is far to unpredictable to make a true analysis because it goes against all true fundamentals.