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AMC - price is correcting

Short
NYSE:AMC   AMC Entertainment
The price is in a corrective area right now. It can retrace a bit more as marked on the chart.
2 Possibilities :

1. The correction can either be a triangle (in this case, we can see an upside soon).
2. The correction will unfold into a zig zag and we can see more downside, before the price will start to go up again.

In this chart, the second possibility is presented.






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Have a beautiful day! :)

I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
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