1AMC trade ideas
It's allll good (perhaps)Above you can see AMC's 4h chart.
As you can see, we have broken above the heavy macro resistance , which dates back to April '22. We even retested it and found support today.
No dates, no price targets. Just showing you the TA I'm seeing here.
RSI is also oversold on the 4h and volume is picking back up.
AMC AnalysisPrice did not play out to my last analysis of filling the FVG at 9.61. Price is consolidating since my last analysis and is showing bearish order flow so far. I'd like to see price breaking market structure to the upside, starting at 6.84 and price respecting the newly created bullish OB before we see price reverse from here.