AMC - VERY Possible Scenario
3x tier target zone
BLUE, ORANGE and PURPLE
BLUE is a slanted support line
ORANGE is a horizontal former resistance line which turned to support at square#2
PURPLE is the current support line of the slanted price channel.
All three meet at the tier 3 target zone.
Here, There most likely will be SUPPORT found.
However, it can be a mild push or a very aggressive one.
TIMEFRAME for target zone is very end of SEPT to very start of OCT and could be as far as mid to end of OCT.
This area and timeframe should be a decent area to close your shorts (COULD THIS BE WHERE THE SHORT SQUEEZE OCCURS???) and add a careful LONG.
BLUE, ORANGE and PURPLE
BLUE is a slanted support line
ORANGE is a horizontal former resistance line which turned to support at square#2
PURPLE is the current support line of the slanted price channel.
All three meet at the tier 3 target zone.
Here, There most likely will be SUPPORT found.
However, it can be a mild push or a very aggressive one.
TIMEFRAME for target zone is very end of SEPT to very start of OCT and could be as far as mid to end of OCT.
This area and timeframe should be a decent area to close your shorts (COULD THIS BE WHERE THE SHORT SQUEEZE OCCURS???) and add a careful LONG.
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