AMZN has finally broken out of the volatility contraction triangle it's been in for what seems like forever! And with some volume as well over the past couple of days.
So now what?
Well, today printed an evening star candle which previously in early November was rejected at this exact level. Maybe the circumstances are different this time with the triangle break, but I'm thinking a brief pullback before breaking resistance at this 3300 level. I see a bounce at the 3215 (looks like recent resistance to find support) off the triangle to overcome it.
Let me know your thoughts!!!
So now what?
Well, today printed an evening star candle which previously in early November was rejected at this exact level. Maybe the circumstances are different this time with the triangle break, but I'm thinking a brief pullback before breaking resistance at this 3300 level. I see a bounce at the 3215 (looks like recent resistance to find support) off the triangle to overcome it.
Let me know your thoughts!!!