Creeping back towards its moving averages, giving us a nice opportunity for a bearish trade setup. It broke down out of a wedge pattern last week but has traded sideways since. Looking for it to move down to lows made in December and November for price targets. Stop Loss: 21-day EMA or 8-EMA if you want less risk
Posting what looks to be a bear flag / possible ABC correction with AMZN. Starting with a safe target of 700, but I expect this to go much lower. Weekly, and monthly chart looks pretty parabolic. I am also pretty bearish with the major indexes as well.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
AMZN is about to finish the right shoulder. Short on BO. Cheers!
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
Out of Wedge, looking to retrace to Dec and Nov lows
Looking like a move to the downside
The market just hit our entery order and thus this OCF has completed. The projected target is at 672. Stop Loss is above the H2, which in this case is 786.10. The R/R is good, at about 6.7/1 as usual on with my OCF setups. Wanted to share this one with you guys as this one is high probability. Notice I did not say it is 100%, but on the balance of probability and...
Amazon stock is likely to reach the $800 mark again, but instead of joining the bulls, we should get ready for the third phase of the corrective sequence.
Waiting for a breakout before a position.
On the 30 minute chart there's a small bullish cypher (blue) setting up which will lead on nicely to the bearish gartley set up just above (red). Set targets at 0.382 and 0.618 for both opportunities as they come into play. RSI is down in oversold territory looking to reverse.
AMZN lost -16,83% from it`s all-time by 847.21 (2016/10/16) until 710.10 (2016/11/14) Meanwhile the 2nd main upside trend broked also - with a GAP! And this GAP is also the 1st target to get back on a bullish track. I am slightly optimistic, but i want a visual evidence - want to see the shares even to trade between 789.49 & 815.43. Buying before is also an...
Wait for a breakthrough @ 774.50 area @ the ema55
After getting rejected at the 100-day EMA, AMZN has shown bearishness in the current bull market. I am not a buyer unless it can close above 775, where we could see upside to around 794.83 (38.2 fib retracement line).