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GuiltBeCrowned
May 10, 2022 10:54 PM

Accumulation On AMC Long

AMC Entertainment Holdings, Inc.NYSE

Description

Hedgies are fuk... For real though what do you guys think does this work? Never done an accumulation schematic on an angle like this before. But considering the loop holes and supposed fraud associated with funds shorting this stock it looks probable by taking into account synthetic short volume? I'm not that smart please grant me foresight :)

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Trendline respected...

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To infinity an beyond...

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Double retest both top and bottom of upper trendline. Looks like a breakout.

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Think about the last time we had this kind of volume!!

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Broken records...

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I'm putting everything I got on monday... I never would have thought i would go this deep into a stock when i first started... but my conviction remains strong and I really like the stock...

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My past self has impressed me...

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Should have made another parallel line at the wicks so that insane daily candle would look like it bounced off of SOS....Which it did...excited
Comments
deradanatellermachtsatt
Don‘t worry. Angles are there to be straightened out. I think this will play out beautifully!
Barpau
Bru.. no just no
Catchingpips_
This is not how to use wykcoff, go learn about what each schematic represent.
GuiltBeCrowned
@Catchingpips_ my fellow tradingview scholar, how doth wyckoff* a strategy from Richard Wyckoff 1873-1934 account for modern day technology and derivatives? I feel this angular wyckoff may present clarity in the presence of short interest…etc.
Catchingpips_
@GuiltBeCrowned, Wyckoff wouldn't be valid without incoporating volume
GuiltBeCrowned
@Catchingpips_, what about short exempt volume? spoofing? gotta adapt to the times. Regardless BULLISH!!!
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