Hey guys, AMC NETWORKS is in fake bearish dynamics with a large buy volume traded and an upside down hammer candle. The TIMEFRAME M1 makes us notice a marubozu with a fake return of the sales volume, it is heading towards its last lowest. Which corresponds to the base of the bollinger make its reversal on this support, then re-test the top of the equilibrium zone. Strong possibility of breakout the price at the same time the zone to come back in the second to land on the high which follows and to test the highest of the bollinger.
With a test of the top of the equilibrium zone followed by a breakout to go and look for the symbolic number of 57.00.
Please LIKE & FOLLOW, thank you!
With a test of the top of the equilibrium zone followed by a breakout to go and look for the symbolic number of 57.00.
Please LIKE & FOLLOW, thank you!