Americana company was listed in Tasi market last couple months. It have an minor impulse wave ended last week. Now, I see a correction ABC targeting 3.33 for Americana. On that level ( depending of the market way ) I see a golden chance to go long targeting 5.5-6 as a third impulse wave.
By Gann's methods I see 7th Mar and 23Mar are important dates.
By Gann's methods I see 7th Mar and 23Mar are important dates.
both patterns have conditions to be activated or cancelled:
1- Symmetrical triangle must close above 3.95 to be activated. (ABC will be cancelled)
2- Symmetrical triangle close below 3.65 to be cancelled. (ABC will be activated)
Personally, I am waiting at 3.3 which represent important Fib level 0.618. If the opposite happen I will find better opportunities inshallah.