Things are looking very bullish for Amazon and I'm planning to take profits quick and reload at support and resistance zones.
1.) 130 min 2up candle to Daily Bullish Randy Jackson Entry
If price breaks 3273.14 I plan to play calls up to 3281 and watch to see if we reject or continue to moon.
2.) Bullish Randy Jackson: If price breaks through 3282.37 then I'll look to ride it up to my PT Targets: 3298.69, 3305.61, 3312.86, 3321.04
3.) Outside Bar scenario: I can see price moving quickly at open to the Bullish RJ entry which is also the top of the current broadening wedge. If price reverses from there I plan to play it down to the 4H 2 down short area.
The key here will be to watch volume and price action. Take profits quick and reload on retests.
Support and Demand Areas:
Red Supply Area overhead between 3281 & 3290
Demand Zone Area between 3251 & 3241
1.) 130 min 2up candle to Daily Bullish Randy Jackson Entry
If price breaks 3273.14 I plan to play calls up to 3281 and watch to see if we reject or continue to moon.
2.) Bullish Randy Jackson: If price breaks through 3282.37 then I'll look to ride it up to my PT Targets: 3298.69, 3305.61, 3312.86, 3321.04
3.) Outside Bar scenario: I can see price moving quickly at open to the Bullish RJ entry which is also the top of the current broadening wedge. If price reverses from there I plan to play it down to the 4H 2 down short area.
The key here will be to watch volume and price action. Take profits quick and reload on retests.
Support and Demand Areas:
Red Supply Area overhead between 3281 & 3290
Demand Zone Area between 3251 & 3241