Amp (AMP)

$amp

Volatility abound today, but amp barely moved at all. FWIW, still looks good to me considering the state of affairs. Weekly bull div and bottom signal still holding thus far, believe it or not. Phantom indicator slowly retracting also. Over the coming weeks, watch for this to subside and start flipping.

$amp

Holy.. it's getting tight up in here, but still viable. Matter of fact, if we can end the week on a high note, we can lock in a bull div and another local bottom on the Weekly within this extremely clear consolidation structure. https://t.co/o2nr3eA4Qu

$amp update:

Alright, so here's the bigger picture, and the theme here is confluence. Notice this LTF structure starting with the 4HR: we tapped $0.00150, which coincides with the previous lows we tapped. Also, take note of the only S/R levels left below. We are nearing new territory.

Now, let's look at the HTF structure we've been tracking for months. Notice on the Daily where price closed yesterday, and is now hanging today. Deviations, but still closing within the structure. Now, zoom out further to the Weekly and you can see the lower support line. We previously had a confirmed local bottom on the Weekly, which held that support line, and now we're waiting to see if we hold this week within this structure or not. Could be a deviation, could be a new structure entirely.

Ultimately, we have to wait and see how today and tomorrow closes out. Do we bounce from here or do we continue this stage 4 downtrend across the market? All I can tell you is there's an obvious, larger HTF structure here that still st