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jojofang0901

AMAZON Continuation Correction for the buy

Long
Amazon.com (NASDAQ:AMZN)  
jojofang0901 Updated   
NASDAQ:AMZN   Amazon.com
Chart Patterns Triangle Pennant priceaction structure pattern impulse correction FLAG Parallel Channel Wedge
18
13
chartpattern triangle pennant priceaction structure pattern impulse correction flag parallelchannel wedgepattern

Hello traders:

Looking at AMZN now for further upside potential.

We see that strong bullish impulse up, and price being to form the larger deeper correction.

This is a good sign for continuation for the price, as we see the structure develops into a triangle/pennant after seeing a bullish push up.

I see 2 scenarios for the buy, either price can break out now and form continuation on the LTF to push higher
or
Price correctively push down once more to the lows of the correction, and reverse up from that point.

Thank you
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