AMZN hanging man candlestick
pattern at the 0.618 extension. Potential Bullish Bat
on the larger time frame. For the bat to play out though you would need to see a massive downward movement in tech. I do believe we see a pullback in the nasdaq. A lot of the tech names look like good shorts at the current moment. At least look for AMZN
to put in a double bottom
. If that breaks then the AB=CD
becomes highly likely. Who knows maybe even the bat could play out from there. I would need to see some extreme evidence for that to be the case though.