ozzy_livin

Amazon (AMZN) Wyckoff Distribution Schematic #2

Short
ozzy_livin Updated   
NASDAQ:AMZN   Amazon.com
The Wyckoff distribution structure for AMZN (Amazon) has entered Phase D which should include continued downward pressure into Q2 of 2022.

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Trade active:
After testing support of SOW in late January, AMZN has completed the LPSY (Last Point of Supply) rally in phase D. Selling will intensify if price falls below 2700.

Opening a short here, with a stop loss at 3250

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