Amazon, is the correction over?

Amazon.com, Inc.NASDAQ

Description

⋅ Jul 18, 2020 4:14 PM

Hello everyone, AMAZON is in an ascending channel, which has been rejected at the top.

The lower part of the channel has served as resistance at least 5 times, so if you reach these areas, you would expect a rebound in price.

On the other hand, the Change Index remains in the green zone, above 0. Indicating that the long-term trend remains intact at the moment.

Zenith however has fallen below line 0.

There are no purchases until the Zenith averages regroup, returning to line 0, or the Change Index shows us an entry signal.

Technical Indicators

Comments

EP-Trading

⋅ Jul 21, 2020 7:30 AM

Good entry yesterday, confirmed by Change Index. The key: always wait for confirmation!

JosephSobczak

⋅ Jul 19, 2020 9:43 AM

Good job carry on

CurtisTerry

⋅ Jul 19, 2020 7:41 AM

Great analysis,do you have anything on USD jpy.

EP-Trading

⋅ Jul 19, 2020 11:25 AM

@CurtisTerry, Hello, I have just published an analysis of this pair, I hope you find it useful

CryptoCheck-

⋅ Jul 18, 2020 5:09 PM

CryptoCheck-

⋅ Jul 18, 2020 5:09 PM

Nive work

KingHakim77

⋅ Jul 18, 2020 4:34 PM

Your saying above 3000? Or which?

EP-Trading

⋅ Jul 19, 2020 7:57 AM

@KingHakim77, Hello, I have no doubt that it will make new highs, in fact I will wait for new entries. I'm just saying that now it is not a safe area, I will enter when the situation is more defined.
Zenith is perfect for safely joining a bullish current.