The pink rising wedge pattern which usually will break south, also appears to be a bearish pennant continuation pattern as well...
Add in the opportunity for a double top (yellow) and I feel bearish about amazon this week.
How bearish am I?
well... the flag pole (red) of the bearish pennant could be used as an indicator of how far the next move will go.
2485 also lines up well with some prominent historical support and resistance levels (green).
Add in the opportunity for a double top (yellow) and I feel bearish about amazon this week.
How bearish am I?
well... the flag pole (red) of the bearish pennant could be used as an indicator of how far the next move will go.
2485 also lines up well with some prominent historical support and resistance levels (green).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.