vlad.adrian
Long

Amazon - End of correction

NASDAQ:AMZN   AMAZON.COM INC
235 1 2
Amazon has corrected last weeks, and has drawn a H&S pattern. If it closes like this, I consider the H&S pattern invalidated. The histogram has a bullish divergence , bear power decreased on the second corrective leg. MACD lines have a class B bullish divergence . Correction ended at a fib cluster.

First target is the previous high, right shoulder, and 61.8% fib of the decline. Second target is the all time high at 400$
Stopped out. I was wrong in not waiting for a strong close, I took the position in the first trading minutes, like an amateur.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out