APE Symmetrical Triangle Breakout Imminent
Updated
As you see here The symmetrical triangle is due to break this week. While usually a continuation pattern (which in this case would be to the downside) I think there is a lot of confluence with Fibonacci levels and the AMC/APE settlement meeting scheduled for Tuesday morning that shows this breaking upwards to the ~$2.30 level. If trading this pattern this week I would put a stop loss at $1.45.
Note
Judge delayed the settlment until june 30. APE breaking down from pattern. looking at $1.20- $1.30 for support. If that fails could fall back to $1.
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