AMC - 4 Levels of interest
Hello Derrrdz!! Just sharing ideas for fun and by no means is this financial advise.
Looking at AMC and I will be paying attention to 4 levels.
1. Global .236 Fibb level - Above this and I like it to the upside. Note that there is a MTF Resistance level right above which would be TP1. If breaks above that, I like entries on pullbacks.
2. Daily .236 Fibb level- Above this and I like a scalp to the Global .236. Note the TL could act as support as well.
3. Confluence Level Here - Daily .382 + WVAL + Local .786. S/L right below the Local .786
4. Conluence Level Here - HVA + ImPOC + Local .886. Tight S/L right below the .786
Looking at AMC and I will be paying attention to 4 levels.
1. Global .236 Fibb level - Above this and I like it to the upside. Note that there is a MTF Resistance level right above which would be TP1. If breaks above that, I like entries on pullbacks.
2. Daily .236 Fibb level- Above this and I like a scalp to the Global .236. Note the TL could act as support as well.
3. Confluence Level Here - Daily .382 + WVAL + Local .786. S/L right below the Local .786
4. Conluence Level Here - HVA + ImPOC + Local .886. Tight S/L right below the .786
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