AMC looks like to be forming a slanted inverse head and shoulder. Head and shoulder patterns can be slanted either which way. The price almost broke out of the pattern at around mid-day on Friday, but was quickly rejected by short hedge funds in anticipation of "max pain" or the belief that on Friday expiration dates, the short hedge funds who sold these calls and the market maker benefits the most by getting the most calls out the money as possible thereby making them expire worthless. The only ingredient that is missing for this pattern to break out is significant volume. However, I believe that we are also in another inverse head and shoulder on the smaller time frames. I am expecting a dip to the mid-high 36 level before finding liquidity in which we will attempt another breakout of the 38.50 level. At which point, if we are to get a breakout of the 38.50 either on Monday or Tuesday, it will spark a massive rally back to the 44 level and onto the 50s.