May. 24 at 11:13 PM
🚨
$AMT 1W Chart Update 🚨
American Tower is coiling up for a major move. We are sitting at the absolute apex of a massive, multi-year symmetrical triangle, pinned right against a heavy volume node. The consolidation is tightening significantly, and a decisive break is coming. 📊🏢
🐂 Bulls to confirm: Need to reclaim and hold the
$185 level to break out of the upper descending resistance line. A clean weekly close above this clears the path to test the
$200+ supply zones.
🐻 Bears to confirm: A failure to hold the
$170 support area. Losing the lower trendline and that major volume shelf opens the door for a retest of the
$165 lows.
Wait for the volume to pick a side.
#hovdid
$AMT #SwingTrading #TechnicalAnalysis