my last post on AMC: https://bartscharts.com/2021/08/04/amc-heads-up-in-the-zone/
well, it went and hit right at the top – exactly I think – of our target area and is built a series of 3 higher lows (daily) …but we do have an entire “zone” of support in/around 24-28 so this could be a dead cat bounce. give it time …
but, this count is valid and, dare I say, AMC is off to the races …?
last post on AMC: https://bartscharts.com/2021/07/13/amc/
buy pattern is completing, completed. let’s see what happens now … again, it’s ALL PROBABILITY but the masses who have been hanging on might see some light IF (the big if) this PATTERN holds.
I have no idea if it will or won’t but some buds were crazy enough to TRY (operative word) to play this w/ the masses so .. here we go!
the masses are at “play” here w/ AMC and what a better laboratory to test harmonic patterns than on THIS stock …
the only caveat – it’s all probability. that being said, w/ the balance of thousands upon thousands of our fellow retail traders holding 2 shares portfolios at risk, we can enter w/ a defined point and another defined point of where we are wrong …
so, the GARTLEY PATTERN buy is 28.80-30.98.
the red lines are back from the weekly/monthly and are horizontal lines placed upon former resistance that should (operative word) act as support .. the polarity principle.
anything below the above and this puppy is cooked …
thanks for reading …
