AMC - Here Comes AMCeeeeeee ❕

Apr 19, 2024

Week candle about to close very strong and AMC has bounced hard from the long term 1:0.618 Golden Window taken from the shakeout top of this enormous crash.

A 1:0.618 is most common 3 wave ratio in this type of flash crash where the 3 wave is of course; weaker.

Also there is some bullish RSI divergence.

So good chance this is a significant low here

If it makes a log 0.382 retracement that would see it hit $9 more than a x3 from here.

And it may just be the market bottom 🤨.

Client call:

Apr 24, 2024

Note

It was fun to pump with AMC while markets dumped and although this could be a market bottom there is also the possibility that this is an automatic rally as shorts cover that we have benefited from.

It just printed a Shooting Star as markets are starting to wobble.

It didn't quite make it to resistance to tap liquidity and perhaps it will.

But it has made it to the 1:1 Golden Window band that is a common 3 wave reversal ratio.

I think that it may collapse in this area and it could be fast if/when it does.

So i'm just going to take profit here.

If it pumps than congrats to those that had more appetite for this type of daredevil game 👍.

Apr 25, 2024

Trade closed manually