head and shoulder forming on $amzn

Amazon.com, Inc.NASDAQ

Description

⋅ Feb 17, 2023 10:13 PM

We've been forming a head and shoulders pattern on Amazon since early January. Weakness below $95 suggests a downward trend to $85.

Head and Shoulders amazonshort

Comments

Bravetotrade

⋅ Feb 18, 2023 6:34 AM

Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade

SarahTiara

⋅ Feb 21, 2023 10:45 AM

@Bravetotrade, merci :))

muaazooo0o

⋅ Feb 18, 2023 4:33 AM

this is wrong h&s pattern because the shoulders are very small comparing to the head

regards

InvestmentLoser

⋅ Feb 19, 2023 12:14 PM

@muaazooo0o, visually it might not look like a head and shoulders. However, as long as it dropped below the support line, it is likely the price will reach at the downtrend measurement.

SarahTiara

⋅ Feb 21, 2023 10:45 AM

@muaazooo0o, thank you for your insight!