Amzn is dead, Long Live AMZN.
AMZN
went to retest 3200 range then failed to claim, went to test if it could break down at 2700 range, buyers stepped in because that was a fresh zone so it bounced hard to test yellow line to see if it could break out, now going back to test the buy area in white again, the lower area is fresh so high chance it will bounce a bit there to 2888 range, fails to claim 2900, bye amzn it goes to 2200 range
AMZN
went to retest 3200 range then failed to claim, went to test if it could break down at 2700 range, buyers stepped in because that was a fresh zone so it bounced hard to test yellow line to see if it could break out, now going back to test the buy area in white again, the lower area is fresh so high chance it will bounce a bit there to 2888 range, fails to claim 2900, bye amzn it goes to 2200 range
Hope you guys know how to play the downside as well as the up.
I suck at it, too much emotions in it and my account is still not at daytrade level so i get burnt ALOT not being able to exit plays.
If anyone has a way to avoid day trades, lets me know..... im doing different strikes now. Its ridiculous.