Currently, we can see a triangular trading range, With this i expect price to rally, mid nov to early dec.
AMC if approached 250$ will probably follow this pattern, with disturbance at near 60 - 70$ level as scalp opportunity.
It will also be resulting in a double top as there are shorts to be covered, however the price can also occur at lower prices for second rally, possible at 120$ / second entry opportunity for me would be at $145$
This will be my framework if the 250$ target was to be reached.
#AMC250
LFG
Not financial advice
AMC if approached 250$ will probably follow this pattern, with disturbance at near 60 - 70$ level as scalp opportunity.
It will also be resulting in a double top as there are shorts to be covered, however the price can also occur at lower prices for second rally, possible at 120$ / second entry opportunity for me would be at $145$
This will be my framework if the 250$ target was to be reached.
#AMC250
LFG
Not financial advice