AMC on a 30-minute chart is putting in a double bottom. In mid-December, a symmetrical
head and shoulders is formed. The right shoulder being higher than the left makes for a
diagonal neckline which yields a target in the area of 5 confluent with the level of a high
pivot on January 10th. A standard Fibonacci retracement of the Janaury trend down would
put a target at about 4.55. The AI predictive tool looking back for similar patterns has printed
a buy signal. On this instrument at this time frame, the indicator has a 98% accuracy
for win rate. The ADX indicator shows a line cross and a "green" bull trend beginning.
Overall, I find AMC to be set for a long trade targeting 4.5 and 4.95 for one-third each with
the remaining to run in case a short squeeze gets underway.
head and shoulders is formed. The right shoulder being higher than the left makes for a
diagonal neckline which yields a target in the area of 5 confluent with the level of a high
pivot on January 10th. A standard Fibonacci retracement of the Janaury trend down would
put a target at about 4.55. The AI predictive tool looking back for similar patterns has printed
a buy signal. On this instrument at this time frame, the indicator has a 98% accuracy
for win rate. The ADX indicator shows a line cross and a "green" bull trend beginning.
Overall, I find AMC to be set for a long trade targeting 4.5 and 4.95 for one-third each with
the remaining to run in case a short squeeze gets underway.
İşlem kapandı: hedefe ulaştı
Sideways for now awaiting a strong directional trend.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.