From the $34.50s to $47.23 sell off. The 1.618 suggest $55 is the next swing. From what I see today AMC peak at $44 and start to show bearish signal. I expect harsh retracement. Ideally I would love it dip around $40-42 and consolidate goes up. But if it has a harsh reaction $37-39 is the bottom. AMC atm most likely will form a smaller symmetrical since the beginning of November before ripping out. I will update in the next week or so to see the price pattern changes.
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Theres also a possibility AMC will go higher tomorrow but lower highs on the indicators.
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All three scenario for this week and next week
All three scenario for this week and next week