Amazon Jumped to 103 dollar , and reached a strog resistance here .
so putting a short is a good idea but keeping the stop at 105.5 is better idea .
we must change the stop manually at the entry when moving down .
this is a trading idea for me and have a big risk
Hello,Traders!
AMAZON is again retesting
A strong horizontal resistance
From where a local pullback
Is likely to happen
Sell!
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when the biggest player in the world decides to go with AVAX
it only means one thing
the market has decided
we await Berkshire Apple Tesla Facebook to pick their respected pets as well
size your positions and find a good entry at pullbacks
looking at 15,00 to 12.65 as allocation for big funds to come in
careful in the futures market as handler knows how...
✅AMAZON will be retesting a resistance level soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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Amazon is a company I frankly do not like anything about. I feel it's like the North American version of the Chinese Communist Party's Aliexpress and roughly exists to rely on a network of fake reviews to push junk made in the CCP's factories through North America for the purposes of letting the Party keep people employed so they don't rebel and to allow the...
Hello,Traders!
AMAZON is trading in a downtrend
But the pair has recently went up
To retest the horizontal resistance
From where a bearish
Continuation is likely
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Amazon reached a support area where there will be a strong buyer
Entry is done by putting a stoploss as shown in the graph .
For further more wait for our updates .
when Google's CEO Eric S. announced the cloud service project in 2000
it was alien to most.. especially to the number 1 Tech Leader Elison of Oracle..
I recall he said.. "what the hell is a CLOUD"
few years later a decade i think Obama launched the cloud project for the GOVERENMENT
i take it was a validation of Google CLOUD business which was DOMinATED by...
Hello everyone
That's a fact that US market and other companies are under effect terrible global events so I will see tough days and months for US people and its economics .
Technical Analysis
- Triple bounce off $101 level with big reaction upwards,
- this region used to be resistance now flipped support.
- Its also the 61.8% retracement level (golden zone for a rebound)
- stochastic RSI was in oversold, now rebounding
Trades:
Short term traders can look for a LONG from current level
For long term traders this is a good region to...
Leaving this here, Amazon during this time people could see the future, people could see the potential.
Price action repeating once again this is human patterns doing the same thing about a great product.
AMZN did a bullish breakout on the upper boundary where we have a chance of seeing a rally ahead back toward the target close to 120+ on the chart. If the price can follow up the bullish sentiment in the future we can expect a decent recovery from the following expanding channel identified.
Thanks for visiting my tradingview profile. Hope the chart update helps...
If price action can flip this green trendline to solid support the price could climb to the $28 target within the next month or 2. Fundamentally, one of the reasons for this pump is that Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions...
RULES:
-If price break Point 2, 4, 6, or 8 cancel the setup
-Price needs to break Point 1, 3, 5, or 7 to confirm the setup
When price reach the 100FE(BLUE BOX) it normally does a pullback/retest or reversal
The market can Truncate(fall short)
