Updating the idea, slightly. I see AMC as in an "after shakeout" reaccumulation, rather than "after decline" as I'd previously charted it.
Note
PLEASE NOTE: the white dotted line is not meant to be predictive of timing or price level, just to indicate the potential shape of the move toward SOS and beyond. I do expect we respect the lower band of the master trend channel we've been trading in since late-2020.
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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.