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Flpati
Nov 9, 2021 7:15 PM

AMRS Weekly outlook Long

Description

AMRS looks like is heading down towards the lower trendline and 38,2%-50% Fib levels, from there we could see a rebound towards new highs. BE AWARE that if price breaks below top of (I) my counting is wrong and we are looking at a different structure.
Comments
HHSPN
Where would the price be for a 95% retracement from top, ~$1.20?
Flpati
@HHSPN, $2,60, looks like it's going for it.
HHSPN
@Flpati, that's insane but a fantastic price to catch it for hopefully a good possibility. I've should have sold and bought at lower but I' not taking chances, would like to accumulate more at lower prices. If mgmt executes well this is a gold mine.
HHSPN
@HHSPN, Are we done with C, or another opportunity to dip?
Flpati
@HHSPN, either way is possible. Price stepped into 1 wave territory meaning that my count is all wrong. Could be 1-2-1-2 lesser degree, could be 3 wave to the downside...
HHSPN
@Flpati, Looks like we got out C and iv.
HHSPN
@HHSPN, or not, 61.80 is looking quite possible.
HHSPN
@HHSPN, You are right, it might go for $2.60. Is $2.60 the 78.8 Fib?
HHSPN
It broke (I) by a hair. I see more downside, should be a good DCA opportunity at 50 or 61.8 Fibs.
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