AMZN has its major trend failure zone between 2300 and 1900. The actionable break may already be made under 2300 but we are still inside of false breakout tolerance. Failure of 1900 would be much more likely to signal the overall failing of the bull trend.
Target on the swing break is 1500. After that AMZN may have a big retracement, perhaps heading up to retest the high range. We plan to take exits on all shorts around 1500 and potentially come in as buyers around 1400 pending some confirmative markers hitting.
Target on the swing break is 1500. After that AMZN may have a big retracement, perhaps heading up to retest the high range. We plan to take exits on all shorts around 1500 and potentially come in as buyers around 1400 pending some confirmative markers hitting.