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.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.