AMC Can drop further to find a strong support
Market Instrument: AMC
Timeframe: Daily
Analysis: Technical
Structure: Fibonacci and Key Level
Prediction: Bearish
The following key levels spotted have breached with strong bearish pressure and this seems the price is willing to go further below these price levels in the next few days. If the support highlighted from the yellow thick line doesn't become respected by the price then we will see another breakout to the downside from the 12.06 area.
Timeframe: Daily
Analysis: Technical
Structure: Fibonacci and Key Level
Prediction: Bearish
The following key levels spotted have breached with strong bearish pressure and this seems the price is willing to go further below these price levels in the next few days. If the support highlighted from the yellow thick line doesn't become respected by the price then we will see another breakout to the downside from the 12.06 area.
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