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AMZN trade ideas

$AMZN Bear Case Study... NASDAQ:AMZN BEAR CASE THREAD 🧵 Amazon's weekly chart reveals a critical technical breakdown. After failing to sustain momentum above key resistance at $223, price is now forming what appears to be a double top pattern. The downtrend line from recent highs is firmly intact with accelerating downside momentum on multiple timeframes. RSI showing weakness without reaching overbought territory - bearish divergence forming. With parabolic SAR now flipped bearish on the 4H chart and stochastic signaling overbought conditions, downside targets include $215 and potentially $200 if selling intensifies. Earnings optimism priced in, but macro headwinds mounting. Position accordingly. #Bearish #technicalanalysis
NASDAQ:AMZNShort
by ImmaculateTony
Amazon (AMZN) Approaches Cycle Peak Post-August 2025 LowAmazon (AMZN) continues its cycle from the August 2025 low, unfolding as a five-wave impulse in the Elliott Wave framework. From that low, wave (i) peaked at $216.30, followed by a shallow pullback in wave (ii) to $213.25. The stock then surged in wave (iii) to $222.75, with a brief dip in wave (iv) concluding at $220.71. The final leg, wave (v), reached $226.22, completing wave ((i)) in a higher degree. A correction in wave ((ii)) followed, bottoming at $219.05. After this pullback, the stock resumed its ascent in wave ((iii)). Wave (i) of this sequence hit $222.43, with wave (ii) retracing to $221.07. A strong advance in wave (iii) pushed the price to $233.11, followed by a dip in wave (iv) to $230.10. The final wave (v) concluded at $234.08, marking the end of wave ((iii)). Currently, wave ((iv)) is unfolding as a zigzag Elliott Wave structure. From the wave ((iii)) peak, wave (a) declined to $228.33, and wave (b) rallied to $231.91. Wave (c) of ((iv)) is expected to drive prices lower, targeting the extreme zone of $222.57–$226.14, based on the 100%–161.8% Fibonacci extension of wave (a). As long as the pivot low at $211.42 holds, the pullback should find support in a 3, 7, or 11 swing, setting the stage for further upside. This analysis highlights Amazon’s structured ascent and near-term corrective potential.
NASDAQ:AMZN
by Elliottwave-Forecast
potential pullback predicted due to one sided uptrend = BUY preface : - I can see just as anyone else that we are angled upward , as per both LRC's here. regardless there are some points to note 1. smooth flow with a transition of power without much imbalance, favoring the buyers 2. gap down, then all the way back up to 2 3. a lack of structure to 4, apposed to the smooth flow from 1-2, could this simply be profit taking by the sellers at two, offloading their orders to anyone and everyone causing massive spikes back to 4? 4. almost 3 touches of the resistance , wary buyers as per the analysis of earning caused a dump, unless something changed? what do I think will happen ? * between 3-4 we have an unusually strong volitile one sided move, normally these are followed by a smooth trend the opposing direction, I could envision price coming back down to 3, or maybe at least 3-4 midpoint. it is taking too much libery to even hint at a turnaround , a pullback on the other hand.... possible, especially with this volitlity. * RSI , MFI and Accumulation distribution all have hidden divergence, as well as all being oversold, I dont care much about oversold, during high volitility movements the overbought and sold are pretty much useless, * over the past 2,500 bars, if price closes below a zone, we have a 67% chance it follows through to the other end , you can manually verify by reducing the lookback period. these are great odds!
NASDAQ:AMZNLong
by jacesabr_real
AMZN Losing Momentum? Put Flow on the Table # 🛒 AMZN Weekly Options Setup (8/18 – 8/22) 📉 **Consensus: Neutral → Cautious Bearish** * 🔻 RSI trending down (daily + weekly) * 📉 Weak volume = no strong institutional conviction * ⚖️ 4/5 AI models → **NO TRADE** * 🐻 Only **DeepSeek** calls for puts → bearish divergence --- ## 🎯 Trade Setup (Aggressive Play) * **Instrument**: AMZN * **Direction**: PUT (SHORT) * **Strike**: \$225.00 * **Expiry**: 2025-08-22 * **Entry**: \$0.82 * **Profit Target**: \$0.98 (scalp style) * **Stop Loss**: \$0.50 * **Confidence**: 65% (only because DeepSeek flagged momentum divergence) * **Timing**: Enter at open → monitor closely (don’t baghold into Friday ⚠️). --- ## 📈 Breakeven @ Expiry 👉 \$224.18 (Strike – Premium) AMZN must **close < \$224.18 by 8/22** to finish ITM. But plan = **exit early on IV / momentum pop**, not expiry hold. --- ## 🧠 Key Risks * Theta burn 🔥 (short expiry puts bleed fast) * Market news swings (AMZN often reacts to macro headlines) * Lack of volume → potential for chop instead of follow-through --- # ⚡ AMZN 225P WEEKLY PLAY ⚡ 🎯 In: \$0.82 → Out: \$0.98 🛑 Stop: \$0.50 📅 Exp: 8/22 📈 Bias: Weak, but playing the downside momentum divergence 📉
NASDAQ:AMZNShort
by quantsignals
Amazon Stock Heist: Thieves Targeting 247 Escape Point🔐💰 AMAZON HEIST PLAN – STOCK MARKET ROBBERY STYLE 🚀📈 👋 Hey Thief OG’s, Money Grabbers & Market Shadows! Today’s mission is inside the vault of Amazon.com Inc. (AMZN) – and we’re planning a Bullish Heist. 🎯 ENTRY – Layering the Break-In 💎 The vault doors are always open for the thief gang! Place multiple Buy Limit Orders (layer entries) at 🏦: 230.00 / 227.00 / 225.00 / 222.00 You can add more layers to your heist plan based on your own risk appetite. Thief strategy = stack the entries, wait for the pullback, strike big. 🛑 STOP LOSS – Thief Escape Route 🚔 This is the official Thief SL: @219.00. But remember OG’s – adjust your SL based on your own strategy & bag size. We don’t all run with the same loot. 🎯 TARGET – Police Barricade 🚨 Before the sirens ring, our escape bag is ready at @247.00. That’s where we dump the loot and vanish into the shadows. 🏃💨💼 🕵️‍♂️ THIEF STYLE STRATEGY ✅ Layering entry method (multiple buy limits = thief stacking plan). ✅ Risk management = key to survival. ✅ Exit before the market police catches you. 💥 Remember OG’s: This is not financial advice – this is a robbery simulation in the stock market. Support the gang 👉 Smash the Boost Button 💥 so our heist team gets stronger! 🤑💼💰 Every day, every chart, every loot = Thief Trader Style. Stay sharp. Stay hidden. Stay profitable.
NASDAQ:AMZNLong
by The-Thief
2
AMZN: Bullish Technical Setup Points to $240 TargetCurrent Price: $231.03 Direction: LONG Targets: - T1 = $236.50 - T2 = $240.00 Stop Levels: - S1 = $228.00 - S2 = $225.00 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to pinpoint high-probability trade opportunities in AMZN. The wisdom of crowds principle suggests that consolidating expert knowledge can highlight actionable patterns with reduced biases. **Key Insights:** AMZN is currently demonstrating strong bullish momentum following a breakout above its 50-day moving average. Traders have noted robust demand in AMZN tied to the company’s dominance in e-commerce as well as accelerating growth in its Amazon Web Services (AWS) division. This technical breakout aligns with a period of relative strength in tech stocks overall, making AMZN well-positioned to push higher in the near term. Another standout factor supporting bullish sentiment is institutional buying activity, which appears to have significantly increased alongside positive earnings expectations. Analysts point to AMZN’s ability to outperform across its business segments during macroeconomic uncertainties. Furthermore, volume profiles indicate that rising accumulation is taking place, reflecting growing confidence among professional investors. **Recent Performance:** In the last two weeks, AMZN has climbed approximately 4%, moving from the $221 range to its current price of $231.03. The stock has successfully achieved a higher high after bouncing from key support levels near $220. Additionally, relative strength index (RSI) metrics suggest AMZN remains in bullish territory, with no overbought signals at the current stage. This price action indicates continuing upward momentum backed by solid fundamentals. **Expert Analysis:** Technical analysts stress that sustaining prices above $230 represents a significant psychological threshold for AMZN to take aim at $236 and $240 levels. The moving average convergence divergence (MACD) indicator has turned positive, signaling momentum reinforcement. Moreover, Bollinger Bands suggest room for wider upward price moves, as AMZN has remained on the upper side of volatility thresholds but far from breakout extremes. On the fundamental side, industry experts remain optimistic about AMZN’s ability to drive growth, particularly as AWS continues to expand its customer base across lucrative cloud segments. Revenue forecasts show resilience despite wider market concerns, further bolstering bullish sentiment around the equity. **News Impact:** Recent news about AMZN’s push to revolutionize supply chain efficiencies with AI-driven technology has injected optimism into the stock’s outlook. Additionally, improved operational strategies in key international markets have supported confidence in future profitability. Attention around these developments is drawing positive sentiment from institutional investors, further strengthening AMZN's near-term trajectory. **Trading Recommendation:** AMZN offers a compelling LONG opportunity at these levels, supported by technical and fundamental evidence. The stock is well-positioned to rally towards its next resistance level of $236.50, while the upside could extend to $240.00 under favorable conditions. Stop placements at $228 and $225 provide ample risk control to safeguard against reversal scenarios. Traders should remain watchful of external events that could impact overall tech sentiment but capitalize on AMZN’s bullish structure. Do you want to save hours every week?
NASDAQ:AMZNLong
by CrowdWisdomTrading
The 3 Step Rocket Booster "Once you master this strategy ..."When you watch this video i want you to think of the the 3 step rocket booster strategy. Once you master this strategy then it will be easy for you understand the other indicators and how they work. This video is very very advanced and i dont expect you to understand unless you are a trading expert. But the point am trying to make to you is that everything is connected. Even understanding one strategy is better than understanding not even one. understanding one strategy is the building block. So in this video am taking you through the building blocks of trading. My strategy is very advanced but i want to show you that even in this advanced strategy the Rocket booster strategy is a building block. So watch this video to learn more now. Rocket boost this content to learn more. Disclaimer:Trading is risky please learn risk management and profit taking strategies also feel free to use a simulation trading account before you trade with real money.
NASDAQ:AMZNLong
by lubosi
AMZN - LONG Swing Entry PlanNASDAQ:AMZN - LONG Swing Entry Plan Entry Zone 1: $220.00 – $217.00 → Open initial position targeting +8% from entry level. Entry Zone 2: $212.00 – $209.00 → If price dips further, average down with a second equal-sized entry. → New target becomes +8% from the average of Entry 1 and Entry 2. Edit Zone : $192.00 – $190.00 → If reached, enter with double the initial size to lower the overall cost basis. → Profit target remains +8% from the new average across all three entries. Risk Management: Stop Loss: Risk is capped at 12% below the average entry price (calculated across all executed positions including the Edit Zone). Position Sizing Approach: Entry 1: 1x Entry 2: 1x Edit Zone: 2x → Total exposure: 4x → Weighted average determines final TP and SL calculations. ______________________________________ Legal Disclaimer The information provided in this content is intended for educational and informational purposes only and does not constitute financial, investment, or legal advice or recommendations of any kind. The provider of this content assumes no legal or financial responsibility for any investment decisions made based on this information. Users are strongly advised to conduct their own due diligence and consult with licensed financial advisors before making any financial or investment decisions. Sharia Compliance Disclaimer: The provider makes no guarantees that the stocks or financial instruments mentioned herein comply with Islamic (Sharia) principles. It is the user’s responsibility to verify Sharia compliance, and consultation with a qualified Sharia advisor is strongly recommended before making any investment decisions
NASDAQ:AMZNLong
by DrAlmansoori
Don’t Miss: AMZN Call Opportunity at $242.50! 🚀 AMZN Swing Alert – 2025-08-15 🚀 **Sentiment:** Moderate Bullish **Setup:** Call Option Trade --- ## 📈 Market Snapshot * **Daily RSI:** 61.5 → Strong bullish momentum * **5 & 10-Day Trend:** +3.68% / +7.52% → Confirmed upside * **Volume:** Avg (1.0x) → Lacks strong institutional confirmation * **Call/Put Ratio:** 1.00 → Neutral sentiment * **VIX:** 14.84 → Low volatility, ideal for controlled swings --- ## ⚖️ Consensus & Conflicts **Agreement:** * Bullish momentum recognized across multiple models * Favorable market conditions for swings * Weak volume highlighted as a risk **Disagreement:** * Some models (Claude/Anthropic) advise caution, suggesting no immediate trade * Confidence varies: DeepSeek favors a stronger bullish call, others remain cautious --- ## 🎯 Trade Setup – AMZN CALL **Entry Condition:** At market open **Strike:** \$242.50 **Expiration:** 2025-08-29 **Entry Price:** \$0.85 **Confidence:** 75% **Profit Target:** \$2.13 (150% gain) **Stop Loss:** \$0.50 (30% of premium) **Key Risks:** * Weak volume may reduce momentum sustainability * Market shifts require active monitoring --- ## 📝 TRADE DETAILS (JSON) ```json { "instrument": "AMZN", "direction": "call", "strike": 242.5, "expiry": "2025-08-29", "confidence": 0.75, "profit_target": 2.13, "stop_loss": 0.50, "size": 1, "entry_price": 0.85, "entry_timing": "open", "signal_publish_time": "2025-08-15 11:56:23 UTC-04:00" } ``` --- ## 📊 Quick Reference – TradingView Ready 🎯 **Instrument:** AMZN 🔀 **Direction:** CALL (Long) 💵 **Entry Price:** \$0.85 📈 **Profit Target:** \$2.13 🛑 **Stop Loss:** \$0.50 📅 **Expiry:** 2025-08-29 📏 **Size:** 1 contract ⏰ **Entry Timing:** Market Open 🕒 **Signal Time:** 2025-08-15 11:56 EDT --- ### Suggested Viral Title & Tags: **🔥 AMZN Swing Alert: Call Setup Ready – Strike \$242.50 🚀** \#AMZN #SwingTrade #OptionsTrading #Bullish #CallOption #Momentum #TradeSetup #TechnicalAnalysis #StockAlerts #Finance #TradingSignals #MarketWatch #LongTrade
NASDAQ:AMZNLong
by quantsignals
AMZN's Path towards 240AMZN: Primed for a Rebound? 🚀 Bullish Signals Emerging! •Pivotal Support Holding Firm: The price has found robust demand around the 215 support zone 🟢, a critical area that has demonstrated its strength in halting previous declines. This level is proving to be a formidable floor, absorbing selling pressure and hinting at buyer conviction. •Developing Bullish Reversal Pattern: A clear bullish reversal pattern, resembling an inverse head and shoulders or a W-bottom, appears to be unfolding. This formation, characterized by successive higher lows, signals a significant shift from bearish to bullish sentiment. •Key Bullish Confirmation Point: For an accelerated move higher, a decisive and sustained break above the 226 level ⬆️ is crucial. This price point represents a significant resistance flip, and a push beyond it would likely trigger further buying momentum, confirming the bullish bias. •Eyes on the Upside Target: Should AMZN successfully break past the 226 confirmation level, the immediate upside target is projected towards the 240 resistance zone 🎯. This area represents a key supply zone from earlier price action, and reaching it would mark a substantial recovery. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NASDAQ:AMZNLong
by ManiMarkets
AMZN - Amazon Hit The 80% profit Target. Trend change ahead?On this chart we have 2 forks. Orange: the pullback fork It shows us where the equilibrium is — at the centerline, which the market respected to the tick (1). After that, there were several bars that formed support (2). When the CIB line was broken (3), the market gapped above the orange centerline and made its way up to the white centerline (5), the target that we can expect in around 80% of all cases. Note the confluence point where the centerline of the white fork and the upper median line parallel (U-MLH) of the orange fork meet. A day later, we saw a sharp sell-off within just one bar! Is this now another trend reversal? No, clearly not. For a trend reversal to occur, the market would have to break the white L-MLH (lower median line parallel). As long as the market is trading within the white fork, we remain long. I’ll make a YT video soon, covering the details. Wishing you all a successful new trading week.
NASDAQ:AMZNLong
by Tr8dingN3rd
Buy Low , Sell High MythOn hindsight, it is easier to say , sell high and buy low since you can see the price movments happening already! On a day to day basis, it is much harder as the price patterns are evolving... Plus the media would do what it is supposed to do - create sensational headlines to capture your readership and the more bloody or negative the better ! And many retail investors tend to freak out when reading these news and sell their shares. The challenge is they may not be so lucky to capture it at the bottom price and weeks or months later, they decide to enter the market because it is hot again, many people are talking about it, analysts recommendations, etc The one thing I have learnt throughout the years is sitting tight and doing nothing. It is really difficult at times when you see your profits evaporated or dwindled from say , 25% to 3% and you were thinking to yourself - I should have sold some earlier and took some profits............ Maybe you were busy, lazy or forget about it, after some time when you look back, the market has rewarded you with your patience. Profits start to climb up and things are looking good again. Then it happens again much like the valleys in the chart, up and down , up and down........ On a 10-20 years basis, a fundamentally good stock will be on its upward trajectory and delivers solid capital gains to those who believe in its growth story and willing to ride the short term roller coaster ride and emerge as winners much later........
NASDAQ:AMZN
by dchua1969
AMZN Breaking Out of Golden Fib Zone–Next Stop $243 or Pullback?📊 Market Breakdown AMZN is trading at $222.69, having just broken out of the Golden Fib Zone ($211–$224) after bouncing off the equilibrium (~$206). The breakout puts price on track to test the Premium/Supply Zone ($242.88), but RSI at 56 shows there’s still gas left before hitting overbought territory. Trend: Strong recovery rally from $161 lows, now riding an ascending channel. Key Structure: Fib 0.786 retracement level ($224) now being tested; a clean hold here is bullish. Volume: Breakout volume modest, meaning we still need confirmation from buyers. Indicators: MACD: Bullish crossover intact. RSI: 56.36 – mid-range, plenty of upside potential. 🛒 CALLS (Bullish Scenario) Buy Zones: 🎯 Aggressive Entry: Retest of $218–$220 support (Fib 0.786 area) ✅ Confirmation Entry: Daily close above $224 with increased volume Take Profits: 1️⃣ $230 – Minor resistance 2️⃣ $242 – Premium/Supply Zone top 3️⃣ $250 – Channel extension target Stop-Loss: $216 Why This Works: Holding above the Golden Fib Zone opens the path to supply at $242+ within 2–3 weeks. 🛑 PUTS (Bearish Scenario) Sell Zones: 🚨 Aggressive Entry: Rejection at $224 resistance 📉 Breakdown Entry: Daily close below $216 Take Profits: 1️⃣ $206 – Equilibrium zone 2️⃣ $190 – Mid-channel support 3️⃣ $161 – Discount/Demand Zone Stop-Loss: $227 Why This Works: A failed breakout with a close below $216 flips short-term momentum bearish, targeting $206 and possibly $190 in 1–2 weeks. 🔍 Technical Highlights Golden Fib Zone: Price broke above but needs a retest hold for confirmation. Supply Zone Test Ahead: $242 is a strong resistance area. Macro Watch: AMZN often follows consumer spending & retail sales data; keep an eye on macro news. ⏳ Option Expiration Strategy: 1 Week: Rejection at $224 for quick puts 2–3 Weeks: Breakout holding $224 for calls toward $242
NASDAQ:AMZN
by xfzzhs2tbj
Amazon Market Robbery Blueprint – Swing/Scalp Long Setup🟨💣 “AMZN Market Heist Blueprint – Bullish Robbery in Progress 🚨💼💸” 💣🟨 By Thief Trader – Rob the Market with Precision 🌍 Hello World! Hi, Hola, Ola, Bonjour, Hallo, Marhaba! 🤑💰 Calling all Money Makers & Market Robbers – get ready to execute the next bullish heist on AMAZON.COM, INC (NASDAQ: AMZN), powered by our signature Thief Trading Style™ – where technical precision meets psychological warfare. 🔥 Plan Summary: Based on our fundamental & technical intel, we’re eyeing a long entry into AMZN. The target? 💥The High-Risk ATR Police Barricade Zone – a zone flooded with liquidity, overbought conditions, fakeouts, and bear traps. It's where most traders get caught – but we walk in with a blueprint. 🟩 Entry Zone – “The Vault Is Wide Open!” 💼📈 🕰 Entry timeframe: 15min / 30min (preferably after confirmation or rejection wick) 💵 Buy Limit Orders: Place multiple layered entries (DCA-style) near recent swing lows/highs. Wait for breakout confirmation; no blind orders before breakout! Thief Note: This isn’t spray-and-pray – this is sniper-mode. Scope, place, execute.🎯 🛑 Stop Loss – “SL is the Escape Route!” 📍 SL below recent 4H candle wick swing low (around 219.00 – adjust based on your risk/margin size). Important: Only place SL after breakout; not before. Risk per order must match your lot strategy. 🎯 Target – “Grab the Bag or Escape Before the Alarms!” 💸 Target Zone: 240.00 🧠 Smart robbers know when to bail early – use a trailing SL to lock gains. Exit before reversal or heavy volume shift. 👀 Scalper Alert – “Only One Way – LONG!” If you’re a quick thief with a fat bag, hit-and-run with a Long scalp. If you’re running lean, swing with the crew. Watch the PA and news timing. Trailing SL = insurance policy. 📊 Why Bullish? Here’s the Background: 🔍 Macro Drivers 💼 COT Report 🌍 Geo-political Influences 🧠 Sentiment Score 📈 Index Correlation 🔮 Intermarket Signals 💹 Institutional Positioning All lights flashing green for short-to-midterm bullishness, but keep checking real-time updates. ⚠️ Risk Alert – News Triggers Can Blow Your Cover 🚨 🗞 Avoid trading near major news releases – they cause volatility spikes. 🧲 Always protect gains with trailing stops and don’t over-leverage your ammo. 💖 Support the Robbery – Hit BOOST 🔥 Smash that 💥BOOST💥 button if you ride with the Thief Trading Crew! Let’s build this into the #1 robbery squad on TradingView. Make money. Protect profits. Trade like a bandit – with a plan. 💼📈🏆 🔔 Stay Tuned for the Next Robbery Mission 🔔 Another heist plan dropping soon. Until then, rob smart, rob safe, and rob rich. – Thief Trader™ | Rob The Market. Not Your Wallet.
NASDAQ:AMZNLong
by The-Thief
AMZN AMZN Bullish Setup --Don’t Miss Out🚀 AMZN Weekly Call Play — Riding the Bullish Flow** Amazon (AMZN) shows strong institutional bullish flow with a **Call/Put ratio of 2.09**, backed by favorable RSI trends and low volatility conditions. While volume is weaker than last week, momentum and options flow point toward upside potential into next week. **🛠 Trade Setup:** * **Instrument:** AMZN * **Direction:** CALL (LONG) * **Strike:** \$230.00 * **Expiry:** 2025-08-15 * **Entry Price:** \$0.63 * **Profit Target:** \$1.26 (100% gain) * **Stop Loss:** \$0.38 * **Size:** 1 contract * **Entry Timing:** Market open * **Confidence:** 65% **📊 Key Factors:** * Call/Put ratio: **2.09** — strong bullish options flow * Daily RSI: 49.0, Weekly RSI: 58.3 — uptrend confirmation * Low VIX (\~15.88) — supportive for directional plays * Potential resistance at \$226–\$230 **⚠ Risks:** * Weak weekly volume (0.8x prior week) may reduce conviction * Broader market weakness could cap gains --- **#AMZN #OptionsTrading #CallOptions #WeeklyOptions #BullishSetup #TechnicalAnalysis #TradingView #OptionsFlow #LowVIX #SwingTrade #MarketMomentum**
NASDAQ:AMZNLong
by quantsignals
Amazon Stock Chart Fibonacci Analysis 080625Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 216/61.80% Chart time frame:B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress:A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NASDAQ:AMZN
by fibonacci6180