AMC EntertainmentShort
AMC Head and Shoulders Pattern 12.00 then down to 9.30
Not financial advice.
We are in the "Head" of the Head and shoulders
Shoulder should form around 9.30 area is my guess.
Seems like we are in a head and shoulders pattern.
We may fall out of my current triangle and go down to 8.30-9.30 range before heading up to 12. Then dropping once again to 9.30ish range to complete the right shoulder.
Then a nice tick up to 16.00
As shown with the rectangles.
8.30 was also the range where we started The cup and handle pattern I previously posted which I'll include in chart.
Set your stop losses. Only invest what your willing to lose.
My advice would be to see how the week closes out but id have reentry around the 9.30 range.
Until it breaks out of current triangle or daily close of 12.00 if hold off on any buys right now.
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#financialnostradamus
Soon to be cccllc
We are in the "Head" of the Head and shoulders
Shoulder should form around 9.30 area is my guess.
Seems like we are in a head and shoulders pattern.
We may fall out of my current triangle and go down to 8.30-9.30 range before heading up to 12. Then dropping once again to 9.30ish range to complete the right shoulder.
Then a nice tick up to 16.00
As shown with the rectangles.
8.30 was also the range where we started The cup and handle pattern I previously posted which I'll include in chart.
Set your stop losses. Only invest what your willing to lose.
My advice would be to see how the week closes out but id have reentry around the 9.30 range.
Until it breaks out of current triangle or daily close of 12.00 if hold off on any buys right now.
Support the legalizedhustler
#hustlabynature
#financialnostradamus
Soon to be cccllc
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