Using AutoDivergence to identify Divergences on the AMZN 1D Chart shows that in this case Divergences of Price vs. CCI might indicate trend-reversals pretty accurate.
There was a bullish Divergence that started at the end of September. Price started to rise on the first days of October an then went down a little-bit. This can be considered as pullback since the current candle is green again. Looks like a good Opportunity to enter a long Position.
Profit-Target is the monthly Pivot-Point at 1766.
There was a bullish Divergence that started at the end of September. Price started to rise on the first days of October an then went down a little-bit. This can be considered as pullback since the current candle is green again. Looks like a good Opportunity to enter a long Position.
Profit-Target is the monthly Pivot-Point at 1766.
Trade closed: target reached:
Profit target was hit as predicted!
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