AMC appears to be wrapping the lower bounds of an upward wedge formation. Volume ramping over the last few sessions, plausibly to test resistance at 9.Note
I passed on this one as I didn't like the choppy trading yesterday and I thought this would be a foreshadowing of today's session.Pre-market held range-based consolidation levels very well. Opened mixed and set up a quick post-open pennant, then proceeded to break all levels perfectly. So, this was a good example of a multi-session consolidation break-out pattern and accelerated nicely through the long-term wedge formation. Performed a typical 1-3 push pattern then stalled at the upper boundary line of the wedge.
2/26 9c entry at 8:41 cst ave 20, exit at ave 40, hold time 18 minutes. 100% gain.
Note
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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.