Updating the idea, slightly. I see AMC as in an "after shakeout" reaccumulation, rather than "after decline" as I'd previously charted it.
Comment:
PLEASE NOTE: the white dotted line is not meant to be predictive of timing or price level, just to indicate the potential shape of the move toward SOS and beyond. I do expect we respect the lower band of the master trend channel we've been trading in since late-2020.
