I am attaching several photos with the post.
The first is my Wyckoff analysis on AMC on the daily time frame showing the recent red that we have seen on this stock (for anyone that hasn’t seen my recent posts, I think all of this red has been a giant spring which will explode back upward).
The second is a theoretical accumulation schematic, which I have emphasized our current location on.
The last two photos explain the requirements for this accumulation spring test that precedes considerable markup (price improvement).
I am doing this such that everyone can understand why it is that I have been posting that we will likely be going up soon.
Let me know if you have questions. I’m happy to help where I can.
Good luck Ape friends!!!
Edit: I updated my schematic on the daily chart
submitted by /u/kwsparks to r/amcstock
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