AMAZON - Make Or Break!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

AMZN is approaching a strong support and round number 100.0 in green.

For the bulls to take over, we need a new major high to form and then a break above it and above the falling trendline in orange.

Meanwhile, we would be bearish and we can still dive inside the green zone 85.0 - 100.0 before reversing.

Unless the bears manage to break below 85.0, in this case, the bears would remain in control and more bearish movement would be expected.

Which scenario do you think is more probable and why?

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich