I caught this entry in AMZN making a lower high, getting a confluence between 0.618 fibonacci level and daily pivot point resistance. My tarea profit will be on the nearest low.
Looking at the ES1! futures I saw this Bearish Divergence MACD forming on the daily timeframe. Also I just found a pattern called the Rising Wedge and right now is touching the top part of the wedge also is touching the 0.618 fibonacci level something that works for me when looking for an entry point. IMO is a good idea to look for short this market in this coming weeks.
I caught this AMZN entry making a lower high, got this with a confluence of fibonacci level 0.705 and daily pivot point resistance. My take profit level is on the nearest lower low.
Looking at this chart we can see how after a sell off today I caught a perfect entry when I found a "stop hunts" from market makers. I will be looking to take profits at the 50% of the Fibonacci retracement only for the liquidity.
