Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
AMZN Currently testing resistance of what I believe to be a bear flag consolidation pattern. This is a great place to get short if you want to risk a little capital, due to the ability to cut out with a small loss if it breaks above this resistance, so stop loss at 1836. If it does not break though, you get the reward of the entire move downward, which could very...
Hi, today we are going to talk about Amazon and its current landscape.
The situation at the Amazon it's not comfortable, after the breakout of that Downtrend Line of this chart pattern. The trigger of this trade would be the retest of the Downtrend Line and the first target would be the 61% Level of Fibonacci of the last Bullish movement.
Thank you for reading...
A year ago i published an idea of bubble phases projected on NFLX , it aged very well.
As an update i projected them again on Amazon this time. It looks that the whole tech market is at the denial stage of a new blowoff coming soon.
In the last year or so, any time I've said to certain people that I thought Amazon, Apple, and other tech giants were in a bubble, they thought I was crazy. But now...I've noticed people are starting to worry. The chart looks scary. If the double-top is confirmed, and these guys break down below their December 2018 lows, we could easily see our first widespread...
There has been no divergence with RSI and the OBV and trade price. They are steadily growing. ----> BULL
DI+>DI- (positive directional index just crossed above the negative) ---> BULL
MACD>MACsignal (MACD just crossed above the signal) -----> BULL
Alibaba reported earnings yesterday (Aug15th) continued positive non-GAAP earnings of...
Hyperwaves are a subset of bubbles, there are MASSIVE bubbles.
When I saw this was made public I whined inside because it means then it stops working, but the wall street market cycle thing has been available for a while, and it still works PERFECTLY. PERFECTLY. It is as if the more information is made available, the more people fall for the same mistakes again...
Amazon is making perfect parallel channel and we are looking if price breaks parallel channel, short position can be opened when daily close is below 1720 for a target of 1410.
Another confirmation is to wait for bearish candle on daily right below channel. SL 1850
If price continues going down below 1410 it will complete double top formation. Price breakout...
AMZN has seen a retracement of 75-80% of the recent move up and this aggressive move down has come without any retracement.
Also we have the MA200 at 1750 where the stock had put a reversal back above the MA200.
We should see a decent move up on this stock as long as above the MA200 and expect this to reach 1927.
Any daily close below the MA 200 will get me out...
Last week saw a slump in Amazon share as $2.9b worth of stocks were sold, some by Bezos himself to fund his rocket company 'Blue Origin'. Also, trade war caused a panic in the markets. Now at 200SMA daily and 78.2% retracement. Good opportunity to buy with great risk reward, if this level holds.
Here is an outline of the cycles marked with Revolutionary factors. Factors that will not be stopped. Therefore as Trump makes you think one thing understand that no matter what 5G is here to stay. The real move and international play is 5g. The system must be reset for that to take place. Just like it did with 3g and 4g revolutions. Yes they are revolutions....
Setting bullish if it breakout level $2,500.
We are ready with alerts to ride the next trend on the world's #1 eCommerce company.
On the fundamentals we do not discuss, from the technical analysis we know the Risk/Reward and the %Profitability on this classic pattern.