Dollar is loosing steam this week after the huge push up we've seen recently,
Here we can see an ascending pennant, a textbook favorite, that is breaking down with a strong H2 engulfing making it look like it could go back to support
It's a counter trend trade, so we have to be carefull, and expect less
The ascending pennant is a reversal pattern when it...
AMC is very very close to breaking out of this ascending pennant.
It is in an extremely similar set up as it was before it broke to the upside from $10-$70.
Since that explosive move, price has not closed below $30 showing strong buying at this level.
The RSI has a very similar setup as well.
I expect a break upward to $100 with a possibility to reach $130....
