Hello,Traders!
AMAZON INC has formed a H&S pattern
Which makes me bearish on the stock
And the price is about to retest the neckline
Thus, IF we see a breakout of the neckline
I am expecting bearish continuation
Towards the support line below
Sell!
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Hello my beauties.
I see a distribution schematic travelling towards completion on amazon.
If the prediction is right, the price will quickly move towards the bottom of the range, and give us a couple of LPSYs (last points of supply) before marking down.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a...
Ever since Amazon began disclosing Amazon Web Services (AWS) revenues and operating profits in 2015, more and more experts have been waiting for the tech titan to spin off its expanding cloud business.
As longtime Amazon fans, some have regularly resisted the thought for a single reason. AWS generates higher-margin revenue than Amazon's retail business, so it...
If BTC reaches my bullish price target, conservative ATH estimates are 80/90K.
If BTC breaks 37K, then I think price will break down lower and we shall be in a bearish trend. In this scenario, the crypto run is done until 2024.
After calling the top and predicting the bottom, I'm feeling fairly good about this count. As long as the low around $3304 holds, I am looking for more upside to ultimately hit my $3782 target by November.
Please note we have not completely filled the daily gap yet.
Will look to go long over $3434.
This is my first post and I am new to TA so go easy but looking for some feedback. To me this looks like a juicy short on Amazon but who TF shorts Amazon lol. This is the weekly and I see a head and shoulders forming. Also, bearish divergence on the MACD and RSI. Already surrendered the 2.618 level twice. Top of the head to the neck line is approx 16%.
Today we will talk about the AMZN setup we have currently pending. Most of the time, we never have more than three setups executed at the same time. One of those is Amazon; after the breakout of the massive range, we observed a Flag Pattern on the edge of it, which is a sequence that has been repeated with different variations across the history of the...
it's a monthly chart of AMAZON, as you see , the third wave of elliott hasn't ended yet .
our target is 8300 $ , exactly on 161.80% Fibonacci.
after reaching the target , we will witness a correction as the 4th elliott wave , and then the 5th wave.
so in my opinion , keep your AMAZON stocks , till the target reach.
it's a long-term target , will take a at...
AMAzon on the weekly still bullish, but the last candelle is strong signal of trend change and a consolidation phase is probable.
if breakout of 3175, we can reach 2951 and may be 2805
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Since the Subprime mortgage crisis, Amazon has been repeating a very distinct pattern. After every correction, it gets supported by either the 1W MA100 (green trend-line) or the 1W MA150 (red trend-line) and spends almost a year inside an accumulation zone. Once that's over, it targets the 2.0 Fibonacci extension from the bottom of the correction.
The chart is on...
