Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Hello everyone, we have a bullish pattern which in my opinion is valid. I have highlighted the target on the chart. Will execute this trade when the price reaches 0.786 point. Traded the breakout as well from 760. There are many other pattern on AMZN which I will post along the way. Even though there is another potential pattern finishing we will only focus on...
20dma crossing 50dma soon. Triangle most likely to break upside. Expecting retail sector to bounce back again.
Creeping back towards its moving averages, giving us a nice opportunity for a bearish trade setup. It broke down out of a wedge pattern last week but has traded sideways since. Looking for it to move down to lows made in December and November for price targets. Stop Loss: 21-day EMA or 8-EMA if you want less risk
Posting what looks to be a bear flag / possible ABC correction with AMZN. Starting with a safe target of 700, but I expect this to go much lower. Weekly, and monthly chart looks pretty parabolic. I am also pretty bearish with the major indexes as well.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
AMZN is about to finish the right shoulder. Short on BO. Cheers!
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
Out of Wedge, looking to retrace to Dec and Nov lows
Looking like a move to the downside
The market just hit our entery order and thus this OCF has completed. The projected target is at 672. Stop Loss is above the H2, which in this case is 786.10. The R/R is good, at about 6.7/1 as usual on with my OCF setups. Wanted to share this one with you guys as this one is high probability. Notice I did not say it is 100%, but on the balance of probability and...
Amazon stock is likely to reach the $800 mark again, but instead of joining the bulls, we should get ready for the third phase of the corrective sequence.
Waiting for a breakout before a position.
On the 30 minute chart there's a small bullish cypher (blue) setting up which will lead on nicely to the bearish gartley set up just above (red). Set targets at 0.382 and 0.618 for both opportunities as they come into play. RSI is down in oversold territory looking to reverse.