AMC has been trading within a bullish channel for about a year now, within what seems to be bullish pennants. by analyzing the sessions prior to breakout, it is clear they are going through a 5 wave cycle, on micro, and macro levels, followed by a 3 step elliot correction. In the chart, i have drawn the 5 wave and 3 step on the micro level. i believe the process of this movement is waves 1(Micro 5 wave) and 2(Micro 3 step correction) of the Macro Elliot 5 wave impulse. Wave 3 shows to be the most explosive, which is exactly what we seem to have entered after getting a "golden bounce" on the Fibonacci Retracement. Prediction is upcoming surge in volume, high volatility, and a swift surge to the upside, about $100-$125 short term.