AMR (ADX) Potential Trend Reversal After a Long Downtrend📉 AMR 4H - Potential Trend Reversal After Downtrend 🚀
AMR has been in a strong downtrend (-47% decline) since October 17, mainly due to the Palestinian-Israeli war and subsequent boycott effects.
- With a ceasefire in place, market sentiment may shift, creating a potential recovery.
- A Break of Structure (BOS) has been confirmed, signaling a possible trend reversal.
- Current wave analysis suggests the stock has completed Wave 1, and short wave 2 correction, and we are likely at early Wave3.
- Bullish RSI Divergence detected, indicating seller exhaustion and a potential reversal.
- If the price stays above the 2.17 - 2.33 demand zone, it could trigger a rally toward higher levels.
📌 Trade Setup:
✅ Entry: around 2.47
🔻 Stop Loss: Below 2.30 (invalidates the up trend)
🎯 Take Profit Levels:
- TP1:2.67 (first supply zone)
- TP2:2.91 (major breakout resistance)
- TP3:3.16+ (wave 3 target)
⚖️ Risk-Reward Ratio:1:3+ (solid trade setup)
"The stock market is a device for transferring money from the impatient to the patient." – Warren Buffett_
🚨 **Disclaimer:** This is not financial advice. Always do your own research and manage risk accordingly. 🚨
