We just printing a bullish hammer on the weekly, not dislike the one we printed before the big run. I also noticed the weekly OBV showing a similar pattern as well, where it goes up then pulls back before the hammer.
If you turn on the bollinger bands on the weekly, you'll also notice the tightest range ever seen on AMC - indicating extremely low volatility - which is typically followed by a big move. (this chart is a logarithmic chart so i couldn't show the bollinger and the hammer at the same time).
Have a nice weekend!
If you turn on the bollinger bands on the weekly, you'll also notice the tightest range ever seen on AMC - indicating extremely low volatility - which is typically followed by a big move. (this chart is a logarithmic chart so i couldn't show the bollinger and the hammer at the same time).
Have a nice weekend!
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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.