Since I have so many mew followers, I thought I’d provide and update on what happened today and how I’m feeling. To be honest if you can’t handle today, a squeeze is gonna be tough for you.
It’s all part of the plan….$AMC
Welcome everyone. 👍🏻
Lol new*
I hate you Twitter.
I highly recommend becoming more educated on TA, yes I know and believe it’s a manipulated stock, but TA allows you to get insight on what probably is going to happen and what actually did happen.
I 100% expected a lot of downside today so I wasn’t upset at all.
Old me would have been dying today and wondering what is going on and should I sell.
New me was excited to pick up some shares at a great price at a great fib level.
(Thread 👇) The Jan-June run had a major touch point that led us to what I’ve been calling the “launch pad”. It is where the .618 fib level from the Jan run met the .786 retrace level from the mini run in March.
We are about to have the exact same scenario occur. I expect downside this week
The .618 from the June run is about to meet the .786 from the August run.
Now does this mean $AMC is about to head straight up? Of course not. But IT DOES mean we are about to see the same set up.
I expect we see as low as $32.50 ish and $AMC will be declared dead by everyone who doesn’t believe in the play.
I expect to break below the trend line we’ve been following since the low of $28
I also expect other plays to run to get as many people out as “they” can.