Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Amazon just confirmed a bullish breakout on the identified minor resistance level created with the consolidation zone. Expecting a move back up towards the previous high created.
For Amazon, we're currently at a critical juncture with two potential scenarios:
Scenario 1 - Uptrend: This scenario suggests that Amazon has completed a five-wave cycle, finishing Wave I in September 2020, and concluded the corrective phase (Wave II) by December 2022. If this is the case, we're now in Wave III, indicated by a five-wave impulse upwards,...
Nice move incoming in the next week or 2.
Rising wedge setup here but looking inside the wedge and there range trade or (Flag setup) the range is 172-180
The 20sma has now move up to add support to the trendline around 175-176.. if Amzn breaks 175 then 172 is incoming. I dont think 172 will give way unless something very negative for amzn happens or overall...
Couple points to consider
1) RSI
2) Bullish divergence as drawn
3) Price below BB (In general price tends to print inside Bollinger Bands, usually a move below/above them will almost immediately result in the opposite move)
4) 5 oscillators flashing bullish on 3D chart
For me an easy 20-30% profit long trade. Too bad I can't be arsed to open a trading account on...
From its peak in Sept 2023, it has fallen 20 bucks and is offering its loyal investors to start accumulating again. The yellow zone on the chart shows the multiple support between price level at 124 to 127 and the rally that enfolds.
I believe we are in the zone again. So, I will be awaiting for a nice pull back and start buying more of this company. They are one...
NASDAQ:AMZN Cycle
Daily - Printed DCL and now showing negative divergence indicating the weekly cycle should start declining soon.
Weekly - On week 21 and looking for a decline down to the weekly HCL (bar 28)
Monthly - still early on the monthly.
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Pair : Amazon AMZN
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Rising Wedge in Long Time Frame
CHoCH
Short Term Elliott Wave view in Amazon (AMZN) suggests that wave 4 is in progress as double three Elliott Wave structure. Rally to 180.14. Down from there, wave a ended at 176 and rally in wave b ended at 177.08. The stock then resumed lower in wave c towards 173.3 which completed wave (w) in higher degree. Up from there, wave (x) unfolded as a flat structure. Up...
MZN on a daily chart is in the continuation phase of a cup and handle patter which started In
August 2022. Of the Magnificent 7, it has performed better than the rest with the exception of
NVDA. The cup and handle pattern suggests continuation to the price level of $ 200 which is
similar to the all-time high with 5- 8% added for inflation ( July and...
In the race towards autonomous driving supremacy, Amazon's self-driving car unit, Zoox, is making significant strides to enhance its capabilities and expand its testing footprint. With plans to drive faster, farther, and even at night in Las Vegas, Zoox is positioning itself to compete with rivals like Waymo and General Motors' Cruise. These developments...
Hello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
In 2020 Amazon created a beautiful triangle breakout which was followed by a +75% rally and then a -50% correction. After the correction was over, Amazon perfectly retested a confluence of support and reversed aggressively towards the upside. Considering that...
Pair : Amazon AMZN
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
RSI - Divergence
Break of Structure
Bearish Channel in Short Time Frame and Rejection from Lower Trend Line
Completed " 123 " Impulsive Waves
Amazon ready to print some dollars for the bulls
NASDAQ:AMZN has crossed over and retested the $147 resistance turned support price.
We are in an uptrend and have a strong bullish momentum.
Position Set - 2 ITM contracts XETR:AMZ 3/4/2024 Call $145
