So...
Amazon just had a big correction the last couple weeks. As we can see on the top chart (daily), in the past the price did this: raise to a new high, corrected once, came half to the level of the previous high, corrected a second time, AND THEN there headed straight for a new high.
If this pattern continues, we should be on our way to a new high. Why? Well, we had a high, price corrected, went back up, corrected again, and now is raising again.
My entry trigger is the break of the new high. Since amzn is really expensive I am looking for some other tool where i can sill profit from a new amazon rally.
My initial SL will be around 949.00 but will be trailed quickly, as this is a huge risk.
Any thoughts? Critisism?
Leave it in the comments!
Amazon just had a big correction the last couple weeks. As we can see on the top chart (daily), in the past the price did this: raise to a new high, corrected once, came half to the level of the previous high, corrected a second time, AND THEN there headed straight for a new high.
If this pattern continues, we should be on our way to a new high. Why? Well, we had a high, price corrected, went back up, corrected again, and now is raising again.
My entry trigger is the break of the new high. Since amzn is really expensive I am looking for some other tool where i can sill profit from a new amazon rally.
My initial SL will be around 949.00 but will be trailed quickly, as this is a huge risk.
Any thoughts? Critisism?
Leave it in the comments!
Trade active:
Alright our signal is here. I will grab my board surf this wave!
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de.tradingview.com/chart/WDI/vosCiEtp/
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de.tradingview.com/chart/WDI/vosCiEtp/
Free Trading Education:
www.babypips.com/learn/forex
Wem meine Analysen und Gedanken gefallen, der darf mir einen Kaffee kaufen:
www.buymeacoffee.com/EvanMoeMoney
