I made the gans of of the angle trend. And educated guessed time using fractal theory and time and events. Came up with this rough draft. And theorized based on that the potential route of amc if fractal theory is correct on AMC
German translation below
Symbol / name of the stock / time frame / trading place / currency / precision
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AMC / AMC Entertainment / daily chart / NYSE / USD /...
If price level manages to consolidate on 23 June based on hourly chart, it is possible that AMC breakout to a new upward trend. Otherwise, probably sideways consolidation along the purple triangle which is drawn based on day chart before attempting for another breakout.
AMC looking to push upwards for a wave 5 in the future after some sideways consolidation for a wave 4. We are currently working on completing that wave 4 consolidation which could take some time, but overall looking for a high probability chance of pushing to the upside in the future.
Going to be looking to buy into calls to target this upside. Entry is set to...
AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.
