The Fibonacci channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
Downtren CHannel.
AMZN after the solid ride for the upside went to resistance and got smashed very hard. Resistance is too strong for now and likely for some time. There is BigRed plus a falling upper trend line from the pattern. It is in a falling wedge pattern which when it breaks out will be very bullish. Because of that hard rejection from resistance, it is a sell signal for...
amazon holder don't panic hold for 1 to 2 month
old buyer dont exit ( wait for good news )
new investor ( wait for dip if brake this level )
so game is 80-20 % so amazon can take a more spot if they take a spot then you can more buy
if Monday favour our technical you can see more profit
The cheap can always get cheaper, but the last couple of times Amazon has had a drop like this sending the RSI into lows we have ended up with a 20% or so bounce. Will be interesting to see if it happens again this time around or whether it continues its downward slide without the recovery rally.
One to watch.
Amazon has one of the most OMINOUS looking charts.
Really looks like market could implode... SOON and BIG TIME.
#fintwit #amzn $arkk #nasdaq #bitcoin #meta
Amazon to retest the 1.618 before moving higher.
Financial report didn’t not help the stock to break out. Time to short and see where the bottom might be.
Hello
fundamental issue
job cuts
company stability
underpaid
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
NASDAQ:AMZN
now back to business as usual.
will do its grind upwards and try to climb those channels towards POC
if positive sentiment, needs a big push to take out 120 which is the next major level
else rangebound
We are in dangerous territory right now. Okay here's what's happening:
1. We just hit the 200-day moving average, so that gives us resistance at this moment.
2. We also hit the support line that has supported Amazon ever since Dec 2018, which broke down last October. Now it will act as a serious resistance level.
3. We are at an overbought RSI level on a...
Price trading inside 3M resistance zone. However there are still 2 months to go to close the 3M candle. Therefore price can be a bit insensitive towards that resistance and continue to move higher.
However, the weekly resistance above definitely going to pose challenge for the price. This also coincides with the downward trend line the price has been push against...
Amazon is a company I frankly do not like anything about. I feel it's like the North American version of the Chinese Communist Party's Aliexpress and roughly exists to rely on a network of fake reviews to push junk made in the CCP's factories through North America for the purposes of letting the Party keep people employed so they don't rebel and to allow the...
little overheated into earningz. if ur long consider uzin feb 17 112 PUTS 5.70 for protection. we alerted our followerz
2 dayz ago about a giant 90 CALL purchase that went thru
106 is the magic number for me on AMZN - both daily BB and structural trendline resistance is there and we have steep hidden bearish divergence on the daily charts (yellow lines on price and rsi). AMZN doesn't always get to it's BB but I think this time it will, we'll see. Either way, I think it pulls back from there. 106 can be reached with FOMC reaction or with...
AMZN has been holding a massive falling wedge for quite some time, and with buyers finally starting to step in as AMZN approaches earnings, definitely will be keeping a close eye on this one. Bollinger bands are squeezing (Not Pictured), Bullish ABCD Elliot Wave, some bullish hidden divergence on the RSI, and a double bottom all pointing to a breakout. However, a...
AMZN Q4 earnings are today, 2/2 at 4pm. Amazon (AMZN) reported Q3 September 2022 earnings of $0.28 per share on revenue of $127.1 billion. The consensus earnings estimate was $0.22 per share on revenue of $126.4 billion. Revenue grew 14.7% on a year-over-year basis. The company said it expects Q4 revenue of $140 billion to $148 billion. Here's an AMZN 1 week chart...
