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melikatrader94
Aug 29, 2022 7:22 AM

multi-timeframe analysis for AMZN Short

Amazon.com, Inc.NASDAQ

Description

Hello guys

As you see in chart, it formed a QM structure on a flip of monthly time frame, after confirming that structure started bullish movement and in way make a island pattern because of two sides gap. The last gap doesn’t fill so if we get short position, we can put target below that gap(target=$125.41).
Price formed a three-drive pattern and with RSI divergence confirmed this pattern, three drive is a great approach.

always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
BE PROFITABLE
Comments
pejman_zwin
Great
melikatrader94
@pejman_zwin, thank you
Tradersweekly
Thanks for sharing your idea.
melikatrader94
@Tradersweekly, my pleasure
JoeChampion
Agreed, time to sell stocks!
melikatrader94
@JoeChampion, YES all of stock will be bearish in mid-term
TheNewsCrypto
Good Observation, Thanks for sharing
melikatrader94
@TheNewsCrypto, my pleasure
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