MrNobody12

Three Rising Valleys

NYSE:AMC   AMC Entertainment
Starting from IPO - we had formed 3 Descending Peaks bearish pattern which were relatively wide where we saw downside all the way to March 2020.

Between September 20' to Jan 21', we formed a Double Bottom confirming the end of our long term bear trend as being one of the main bullish reversal patterns.

From Jan 21' to now, it looks to me we are possibly in the middle of forming a 3 Rising Valleys bullish continuation pattern.

Take it as you will.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.