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Trade-Technique

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

AMC Entertainment (NYSE:AMC)  
Trade-Technique  
NYSE:AMC   AMC Entertainment
Trend Analysis Chart Patterns Technical Indicators amcentertainment AMC correctivestructure impulsivewave kinnari_prajapati
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trendanalysis chartpattern indicator amcentertainment amc correctivestructure impulsivewave kinnari_prajapati

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snapshot

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.

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