Another Wyckoff set up here where it's already gone way past the trading range and looking to extend out to the price where it was prior to COVID. That price target is $30.
If you understand Wyckoff methodology, you can see the "spring" has occurred for AMC about a week ago. The high volume short candlestick, along with the gap up following the "spring" should be a good indicator of a move up about to happen soon. This is called "jumping the creek" according to Wyckoff. It's time to load up.
Magenta line represents my call option...
I entered in a long position here at $52 for 30 contracts expiring at the end of January. Cashing out at $55 when it reaches the top of the trading range of the automatic rally.
