AMC tends to mirror GME, or in some instances acts as a 'leading indicator'
The secondary AMC pump after the correction from $20 actually occured 1 day prior to GME's massive pump back to above 300, hence a leading indicator
GME has been consolidating for months in this symmetric triangle, but since AMC had pumped since yesterday, today may be the day GME also rises.
As the triangle narrows our defined risk decreases as the swing low is getting higher to set stop losses. (Unless you're an ape and just all in anyways)
Happy trading.
The secondary AMC pump after the correction from $20 actually occured 1 day prior to GME's massive pump back to above 300, hence a leading indicator
GME has been consolidating for months in this symmetric triangle, but since AMC had pumped since yesterday, today may be the day GME also rises.
As the triangle narrows our defined risk decreases as the swing low is getting higher to set stop losses. (Unless you're an ape and just all in anyways)
Happy trading.
Comment:
mewn