Description
⋅ ANALYSIS 🔎
- AMZN is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1), fibonacci extension levels.
- Downtrend ⬇️: Horizontal support levels (S1, S2, S3).