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BernhardAnalytics
May 9, 2016 5:59 PM

it's a very obvious M top, but everybody sees it, so it might be Short

Amazon.com, Inc.NASDAQ

Description

it's a very obvious M top, but everybody sees it, so it might be wrong, let's be careful with it.
please set stop loss for this.
if price hit stop loss, then we just need to switch it to long and target would be 900 usd ( even it sounds a bit crazy, LOL)

Comment

I expected price hit higher than 700, but it doesn't mean the short can't get a chance, shorted at 715 to 718, stop loss is 730 to 740 for this one.

Comment

715 and 718 short went well.
good luck!
Comments
IvanLabrie
Yes, this one is tricky. I won't trade it yet but looks good I think.
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