Kinnari_Prajapati

AMC Elliott Wave Analysis : AMC is Sitting on a Ticking Bomb

NYSE:AMC   AMC Entertainment Holdings, Inc

_____________________1 Hour__________________


The wave C of wave ((4)) is to complete and we are going to ride on an impulsive wave ((5)).
One can take safe entry when price breaks parallel channel or Enter at wave 5 of wave (C)
As per rule wave, 4 can never overlap the starting point of wave 1 so our SL will be high of wave 1.
Note: the retracement of wave ((3)) is 3.618% that’s why we May get truncated 5th.