Bull trap. Bear trap.
Absolutely no technical analysis to back this.
This is pure speculation.
But i see us... opening with a gap up. which is easy to predict due to the after hours action.
i see us ripping hard at open... *enter bull trap* to the red shaded box.
first 15 mins will determine if i'm right.
Im standing by my low $19 prediction.
if we don't get the 19s.. i still see the lower low happening. to the yellow shaded box.
then we run to the green shaded box zone. * enter bear trap*
Puts that were held over night will be ruined. ( most likely to be sold at open)
Calls made right at open will get wrecked. ( most likely will be sold, for a loss after first 15mins)
Those who sold calls after the drop, will most likely buy back in when strength is shown.
NFA. pure speculation.
either way, don't chase, catch the pull back. this is set up to be grade A typical AMC fuckery.
Good luck.
This is pure speculation.
But i see us... opening with a gap up. which is easy to predict due to the after hours action.
i see us ripping hard at open... *enter bull trap* to the red shaded box.
first 15 mins will determine if i'm right.
Im standing by my low $19 prediction.
if we don't get the 19s.. i still see the lower low happening. to the yellow shaded box.
then we run to the green shaded box zone. * enter bear trap*
Puts that were held over night will be ruined. ( most likely to be sold at open)
Calls made right at open will get wrecked. ( most likely will be sold, for a loss after first 15mins)
Those who sold calls after the drop, will most likely buy back in when strength is shown.
NFA. pure speculation.
either way, don't chase, catch the pull back. this is set up to be grade A typical AMC fuckery.
Good luck.
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.