AMC Testing Pi Resistance

Interesting way to look at the fibs here on AMC

By measuring the first AMC swing which resulted in a symmetrical triangle consolidation
we can see that the breakout which occurred from that has extended 3.14 times the distance of the first wave.

Along with the fact that we formed a strong RSI bearish divergence here at all time highs was a strong reason for AMC to take a breath and consolidate.

We can see that another symmetrical triangle is being formed... and this gives us a bullish bias going forth.

If AMC does ever break down from the triangle then a retest of $20 seems to be on the table.