Break $72.62 and minimal target is $111
If $9.70 is the low now and we can break $72.62 the price targets we can look at are below based off Fibonacci retracements. Fib levels are in brackets
All time high (1) $72.62
Bottomed out (0) $9.70
To validate the price targets below AMC must breakthrough $72.62
In the previous cycle $72.62 was the 4.236 fib extension level taken from its previous cycle top and bottom. So there’s no reason why It can’t reach the 4.236 again.
(1.618) $111.50
(2.618) $174.42
(3.618) $237.34
(4.236) $276.23
I do believe AMC behaves as in a crypto type cycle with bull run tops and bottoms.
If you’re unfamiliar with Fibonacci extensions I highly recommend watching some videos and doing some research on them because they are pretty much the reason prices land where they do.
All time high (1) $72.62
Bottomed out (0) $9.70
To validate the price targets below AMC must breakthrough $72.62
In the previous cycle $72.62 was the 4.236 fib extension level taken from its previous cycle top and bottom. So there’s no reason why It can’t reach the 4.236 again.
(1.618) $111.50
(2.618) $174.42
(3.618) $237.34
(4.236) $276.23
I do believe AMC behaves as in a crypto type cycle with bull run tops and bottoms.
If you’re unfamiliar with Fibonacci extensions I highly recommend watching some videos and doing some research on them because they are pretty much the reason prices land where they do.
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