Looking at our trend timeframe we see price respecting our trend behavior, while stochastic rsi showing momentum has bottomed out and we could be seeing a shift in momentum. A weekly close above 2500 and expect AMB ti run towards 5000, however if rejected at this level expect our sell off to continue.
Shifting over to our pattern timeframe we see price has formed a higher high at 2500 and a higher low at 2200. Stochastic RSI showing momentum is in favor of bears, a daily close above 2500 activates our trade, however if rejected here expect a huge sell off towards 1000. Zooming out we see this higher low is about 1200 satis higher than our previous low back in December 2017. Indicating we could be seeing another bull run repeat here towards the end of 2018.
