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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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