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Long

AMAZON 1H FIB RETRACE LONG BREAKOUT

NASDAQ:AMZN   AMAZON COM INC
Price had a daily breakout.
1H chart shows bullish move.
Price is currently in a bearish 1H pullback.
Fib level drawn on 1H bullish swing low to swing high.
Waiting for price to retrace bearish from 38.2% to 61.8% fib levels.
Waiting for Price to breakout above descending 1H trendline .
Buy on a 1H close above 1H trendline .
TP is -61.8% fib level @ 1970
Find your own SL
Dec 27
Comment: 1st long trade - candle close above descending trendline
2nd long trade - candle close above swing high resistance level @ 1900.
Dec 27
Comment: NASDAQ NOT NYSE
Dec 27
Comment: Here is a Day Chart of AMZN.
Price may rach TP 1970 next week.
Dec 29
Comment: I wrote this retrace unclearly. Price could retrace anywhere between 38.2% to 61.8% before it returns bullish continuation.
Dec 31
Comment: Redrew descending trendline with new high wick
Dec 31
Comment: waiting for a 1h candle close above 38.2% fib and trendline.
"Waiting for price to retrace bearish from 38.2% to 61.8% fib levels" Are you expecting a retrace after testing $1900 and dropping to $1870 or so? This week?
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What do you mean 1/2 size position? How?
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How do you mean 100% of daily volume
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golfer30 Swiss2BBQ
@Swiss2BBQ, It said average volume not daily volume
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