Lose support, go short.
Max pain, has dropped by 1$ every day this week. Monday was 29, tuesday 28, and today 27.
And as we continue drop and drop, i see this trend continuing, i think by friday max pain could be 25, but most likely 26.
As we lost key levels of support all day long. i honestly feel the low 19s will get hit by tomorrow. or early friday. ( the arrows show why i think low 19s will act as support.)
and then the Max pain Friday show will take place. with a steady climb to 25/26
My earlier post i had us filling the gap in the 16s. and going lower, ( will link post.)
In this post though, i have a potential break out much sooner...
Which would be made by a move amc historically makes after each sell off.
First the initial bounce, followed by a lower low. next the double bottom, and the higher low. and getty up and go. ( if this didn't bring the break out, then i see us filling the gap at the 16 range.
its emotionally hard for me to call for down side, being as bullish as i am on this stock. we all know whats coming. just gotta swim through the fuckery.
Good luck.
Max pain, has dropped by 1$ every day this week. Monday was 29, tuesday 28, and today 27.
And as we continue drop and drop, i see this trend continuing, i think by friday max pain could be 25, but most likely 26.
As we lost key levels of support all day long. i honestly feel the low 19s will get hit by tomorrow. or early friday. ( the arrows show why i think low 19s will act as support.)
and then the Max pain Friday show will take place. with a steady climb to 25/26
My earlier post i had us filling the gap in the 16s. and going lower, ( will link post.)
In this post though, i have a potential break out much sooner...
Which would be made by a move amc historically makes after each sell off.
First the initial bounce, followed by a lower low. next the double bottom, and the higher low. and getty up and go. ( if this didn't bring the break out, then i see us filling the gap at the 16 range.
its emotionally hard for me to call for down side, being as bullish as i am on this stock. we all know whats coming. just gotta swim through the fuckery.
Good luck.
