Interesting way to look at the fibs here on AMC
By measuring the first AMC swing which resulted in a symmetrical triangle consolidation
we can see that the breakout which occurred from that has extended 3.14 times the distance of the first wave.
Along with the fact that we formed a strong RSI bearish divergence here at all time highs was a strong reason for AMC to take a breath and consolidate.
We can see that another symmetrical triangle is being formed... and this gives us a bullish bias going forth.
If AMC does ever break down from the triangle then a retest of $20 seems to be on the table.
By measuring the first AMC swing which resulted in a symmetrical triangle consolidation
we can see that the breakout which occurred from that has extended 3.14 times the distance of the first wave.
Along with the fact that we formed a strong RSI bearish divergence here at all time highs was a strong reason for AMC to take a breath and consolidate.
We can see that another symmetrical triangle is being formed... and this gives us a bullish bias going forth.
If AMC does ever break down from the triangle then a retest of $20 seems to be on the table.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.