AMC's tripple Pennant, and Algo Control
Not Financial Advice.
Been charting a while, first time I've seen such blatant symmetry on OBF.... not sure if it's intentional, a bull trap, or a projection of what is to come but AMC looks like she could squeeze higher based on the symmetry shown on the OBF. Timing should be within the next two weeks.
As someone who charts regularly, this does not appear to be completely natural price action, a derivative flow of sorts. Flow does not naturally reproduce two pennants of identical shape and structure, and certainly not a third. And while the wave length within the pennant is of a different length, the symmetry shows the hallmark of something potentially algo controlled. Basically a transposing of the original squeeze at higher and higher Px levels as a method to extend the squeeze across a long time frame. Need to see it jump into the third range, and OBF to fly on a squeeze cover for this to be fully confirmed.
Been charting a while, first time I've seen such blatant symmetry on OBF.... not sure if it's intentional, a bull trap, or a projection of what is to come but AMC looks like she could squeeze higher based on the symmetry shown on the OBF. Timing should be within the next two weeks.
As someone who charts regularly, this does not appear to be completely natural price action, a derivative flow of sorts. Flow does not naturally reproduce two pennants of identical shape and structure, and certainly not a third. And while the wave length within the pennant is of a different length, the symmetry shows the hallmark of something potentially algo controlled. Basically a transposing of the original squeeze at higher and higher Px levels as a method to extend the squeeze across a long time frame. Need to see it jump into the third range, and OBF to fly on a squeeze cover for this to be fully confirmed.
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