ary2001

AMC WYCKOFF DAY TRADING STRATEGY

Long
NYSE:AMC   AMC Entertainment
I will be expecting a distribution schematic to play out in this squeeze. Shorts will have to cover, but i reckon the squeeze will be triggered by shorts covering, whatever remaining short interest thats needed to be squeeze will be done in the AR to ST since the Squeeze potential will be much already played out. This will happen because shorts will try to cover at lower and lower prices in order to minimize loss.


These institutions have also made long positions on the stock to neutralize their positions, thus increasing collateral to their short positions.
Price action to be seen on what too happen,

I will personally be Dollar Cost Averaging at the dependent Fib Ratios , eg expecting pull back to 0.5 ratio, in which i will go 50% of my position in.
and rest 50% at 0.618.

It would be beneficial of this trade if you don't try to maximize profits, since that can lead to psychological indecision and ultimately to catastrophic losses.

Even so, this trade is still a VERY good day trade opportunity even after squeeze.

We have been accumulating, so why not distribute. right? ( Depending on how high the asset goes )
Subscribe for more content.
Not financial advice.
Good luck everybody

Disclaimer

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.