AMC has been trading within this macro falling wedge for a while now and has also formed a smaller symmetrical wedge on the daily timeframe. Price is attempting to breakout from both patterns and if it does we could see a huge move to the FIB golden pocket as seen in late march. PT 26.78- 30 usd. A rejection would send the price back to the bottom of the pattern for another cycle.
Not financial advice :).
Not financial advice :).
Note
Strong breakout !!
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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.