(If you're confused with the change in background colors, I'm planning on using Black for cryptocurrencies and Midnight Blue for Stocks.)
AMZN has been ranging for almost two years and is presenting a possible swing trade option here. Seller exhaustion looks good, but we haven't quite reached my buy zone. I might take a smaller position here and look to add when it enters the buy zone, and potentially go in even more when I see bullish divergence on the 4h chart.
Happy Trading
----------------------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!
AMZN has been ranging for almost two years and is presenting a possible swing trade option here. Seller exhaustion looks good, but we haven't quite reached my buy zone. I might take a smaller position here and look to add when it enters the buy zone, and potentially go in even more when I see bullish divergence on the 4h chart.
Happy Trading
----------------------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!