AMZN H16: 40% correction PT BEARS 85 USD short it(SL/TP)(STOCKS)

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AMZN H16: 40% correction PT BEARS 85 USD short it(SL/TP)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: AMZN H4 chart review and outlook
::: updated/revised outlook
::: SHORT HIGH alerted previously
::: on July 21st currently BEARS
::: making money / congrats
::: no upside in this market
::: FED just did an aggressive HIKE
::: expecting more losses in Q3/Q4 2022
::: BEARS hold until FINAL TP at 85 USD
::: maxed out already
::: Currently DISTRIBUTION already completed
::: we broke down on heavy volume
::: this is NASTY looking chart
::: BAD for the BULLS / stay out
::: FED rate hikes incoming / FED PUT is GONE
::: short sell rips/rallies in the throwback move
::: expecting backtest of the recent Distribution Range
::: recommended strategy: SHORT IT / STAY OUT
::: up to 40% correction still possible from here
::: fair value for AMZN is 85/95 USD
::: DO NOT BUY/HOLD here this is NOT A DIP
::: This is stock market meltdown in progress
::: be careful / don't get ran over by the FED
🔸 Supply/Demand Zones
. N/A

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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

Comment:

nice dump so far today