Amb has just bounced off the 0.618 Fib level with strong volume behind it. I'm currently eyeballing a retest of this crucial resistance zone. The .618 retracement will fuel this Wave 3 move. Wave 3 is traditionally the most powerful and dynamic of the five-wave cycle. Given this, I'm anticipating a significant push to the upside. I feel confident in my target based off all the analysis I have.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.