🤔 Pre market right now showing 2675 which puts it almost near the top of the rising wedge. Amazon would have to go parabolic to break to the upside at this rate. Keep eyes glued and play the breakouts. All indicators still green on the daily. Best of luck, happy trading! 🥇MLT | MAJOR LEAGUE TRADER
🤔 The big daddy of e-commerce looks like it could be at a tipping point! MASSIVE ascending wedge! We are now getting the compression at the tip of the iceberg. This pattern can show signs of extreme exhaustion. What you will want to do is play the breakout of the wedge, almost like how I showed on spx500 before the dump. 2515 is current support that MUST HOLD!...
high probability to the trend go done to test the support zone
Good day to all! Indeed, the really rich will become even richer! Let's analyze the stocks of AMAZON. For a long time, the stock price moved inside the upward channel. Marked on the chart. In 2018, this upward channel was broken in a downward price movement. As a result, another upward channel was formed. Inside, which price moves in a five-wave growth pattern. ...
Amazon has formed a bearish rising wedge I have included some fib spirals predicting tops and .236 as a possible bottom Looks good for a short! Learnt impulsive and responsive waves from Kinnari_Prajapati, thankyou.
As you can see in the graph above there are some points that indicate that there is a great chance we will see fall again 1.We are currently in bearish channel 2.The RSI is in over buy that indicate fall soon 3. NASDAQ is showing weakness in recent days Our recommend Sell AMZN Entry Price: 1643 Stop Loss: 1764 Take Profit: 1390
amazon correction should be done, hitting 3 years long support line + oversold rsi.
i can see this going down i am going to watch closely and see what happens. will update you guys also like, comment and follow :)
AMZN fractal near completion repeating 2014-15 move. Short 880 plus on hitting short term resis line
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
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) 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
NASDAQ:AMZN From left to the right: Higher high at $847 and with a 5 waves correction it forges one major 1st wave of a potential deeper corrective structure at $710.10; From there, the price bounced into a consolidation period, not over yet, and we have 3 basic options here: - 1st. ABC correction is done (3 waves) and the price will break the symmetrical...