AMZN H1: DOWNTREND TARGET HAS BEEN OBSERVED NEAR 147.65 - 144.06
Downtrend targets are observed near 147.65 - 144.0. These are the best support that can be achieved in these coming days.
Note: For more updates and information about different pairs of the market keep following me.
Price did not play out to my last analysis of taking the clean highs at 158.65. Price took the highs at 155.63 and made a bearish retracement. With the decreasing volume on this bearish retracement, I'm leaning towards the price taking out the highs at 158.65 next.
Hello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
With the quite obvious and expected channel breakout in 2016, we saw a rally of more than 500% towards the upside on Amazon. This pump was followed by a retracement back to a previous support level before we saw another bullish reversal. If Amazon breaks back...
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I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones.
As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal...
We have almost hit the 1.618 extension @ $158.94 which is a very common end point for this type of move. This last high that we made has been on negative divergence and implies we should be headed lower soon. Structure also says we have topped or will soon. Rather we are topping in our primary B wave or hitting a wave 1 top, the next big move points down. If we...
✅AMAZON is trading in an
Uptrend and the stock broke
The key level of 144$
Which is now a support
Then retested it and is
Now going up again
So I think that we
Will see a further move up
LONG🚀
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This is beyond exaggeration of what will actually happen and it's meant to be funny. I honestly think it's hilarious. I've known for a couple years now that Amazon has been spending way more than it's making. Promoting and talking to investors on stock splits. Closing Book stores and so many problems with their new automated store. Amazon's technology and service...
The meaning behind factor of 4.
Market flow has slowed down significantly after the long bullish cycle.
The highlighted purple areas was during a struggling time in the markets.
The market performance currently is struggling massively to hold
as manipulation to gather investor attention after the stock split failed.
Just because a stock split and the price looks...
I'm getting feelings around the things are about to hit the fan and Amazon might have topped longterm. RSI hit a major resistance, bear divergence, largest FED fund sale ever yesterday, things are just lining up for me, this will get NUTTY if true. Hard to fade this trend of course but a lot of things are lining up for me.
@ Daily TF
Story: Printing Bullish Trend and a bullish ascending channel
Anticipation: Can continue making new HH HL since no reversal pattern or divergence
Plan: Buy Limit at .7 Fibonacci level of last HH while riding Dow's Trend
Above the current resistance at 155 - up again. Looking at the futures and the overall market, it can happen today.
Like my yesterdays call,MSFT, can go right at the market opening.
Hello,Traders!
AMAZON was retesting a
Horizontal support level
Of 143.5$ while trading
In an uptrend and now we
Are already seeing a
Bullish rebound so I think
That we will see a
Further move up
Buy!
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Price played out nicely as analyzed last week, taking out the sell-side liquidity and make a nice bullish move of +5.19% from there. Right now, I'm expecting price to continue higher, targeting the clean highs at 158.65 next.
