Check the Post below with the chart showing the details.
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Observe the support structure and potentials moves.
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Premium Post: $AMC Long lotto
$AMC has building higher lows on the daily and has created a daily inside bar w trigger over Thursday’s high, problem i see is there will be supply at 618%$ which happens to coincide w an abcd pattern from the bottom, id want to get long w break over Thursdays high and sell into strength at 618 level noted, from there looking for bearish price action to get short 13-14 area, with price action only ie small 5 minute inside bar w defined risk of HOD etc, these are scalps but directions. i know many have interest in $AMC, i see a trap and i’d only play long to short lotto meaning very small friday play. I do think there will be volume for longs on break and there will be sellers there at supply, ( ns how big) lets see how it plays out [/s2If]
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