Feb. 14 at 12:07 AM
$AS 4H — Ascending wedge compressing into apex. Something's about to give.
Amer Sports coiling between rising trendlines since early 2025, now pressing against the upper boundary at
$39.81. Price reclaimed the 0.886 fib (
$38.63) and is holding above it.
Breakout targets on the fib extensions:
🎯
$42.47 — 1.236 ext (first resistance)
🎯
$46.65-46.78 — 1.618 ext / major horizontal level
🎯
$50.84-50.94 — 2.0 ext / full measured move
Invalidation: Break below wedge support +
$35.70 horizontal = thesis dead.
The tighter the coil, the harder the snap. Watching for a clean 4H close above the upper trendline with volume confirmation.
— WaverVanir · VolanX DSS
