This video is not about an instant opportunity for jumping in the markets. I'm sharing how I stalk the markets.
New or novice traders - all too eager to make a fast buck - tend to miss the big issues i.e. that it is about patience, vigilance and planning ahead. The methodology shown is relevant to trend following.
How do we find trends? Well, we need to be...
Hmm, I’ve got my contrarian hat on, as week AMZN seem to have closed with a pinball price action at 24-Jul.
This could be a short-term profit taking for some bulls.
However the Long term trend is Upward with Higher-High and Higher-Low’s.
Resistance zone: $1030 - 1090
Support 1: $962
Support 2: $835-840
The price movement is strong bull does not seem to stop
But in the past the price was creates the demand zone so many points and I found the last demand zone.
Interestingly that there is a divergence between the price and movement indicator. Risk Reward Ratio =6.xx
GbpAud forms a symmetrical pattern, the chart's decline forms a symmetrical pattern with the previous decline (blue trendline) with a fall in the 100% expansion fibo area. Possibly the price will go up just like the previous rise (red trendline) at 100% expansion fibo at 1.80284 price or reach the gap area