AMC hit the last spot on the Symmetrical ABCDE Triangle, pending a breakout to the upside?! GME continuing its pace on building that cup and handle on its way to the July 14th NFT launch. Let's goo
Here we go, approaching the last touchpoint on the ABCDE Symmetrical Triangle Wave. Looking for that bounce out. With the amount of FTDs due on Jun 25th, we can be seeing a break UPWARDS. (then again, anything can happen)
This is actually beautiful to see. AMC is consolidating or confirming this channel between $52 and $65 - which is a sign of strength otherwise it'd just crash back down to its lows. It's narrowing and approaching the end of this textbook Symmetrical Triangle Wave Pattern - so it can either break up or down but there is a higher probability it will break UP. The...