Exploring Gann fans. AMC has been respecting the 1:2 and trading in that channel. If the Current low respects the 1:1 trend line, then there's room for a move from 45 to 216 in one day. Not that it will, but that's the "reasonable" limit. If it significantly breaks the 1:1, well then the fun's over, I suppose.
Note: Gann fan is built using the lows from the 24th and 27th, the connection to the close on friday is a coincidence.
Note: Gann fan is built using the lows from the 24th and 27th, the connection to the close on friday is a coincidence.
Note
Following up:A little more bullish than I expected on the open, and then slower after. Not looking good in my opinion, but congrats to everyone who made money today.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.