This is a repost of the same Chart I have been tracking with Wyckoff since Match 16th. If this is wrong a reversal would be at 18.69, but since it has tracked near to perfection since March 16th I feel like it's pretty accurate. I did a Point and Figure Chart also, and it shows it as the same as I'm seeing. You can use the Wyckoff Accumulation Schematic #1 to see...
Hard to watch. This is a UTAD, which means end of Distribution. AMC has been going through a distribution since a June 2021 run-up. There is heavy ownership by big institutions and retail. The question is if the Institutions are lowering the price to get it cheaper to MOASS, or if they're lowering it to get out of the play completely?
