AMAZON: MANY WAYS TO WIN.
Amazon has two powerful channels whats make this stock keep going up consistently;
The first one is the Major or the Original Channel and this channel has 90% of the price
Movement since it created and the Mini-Channel has the other 10% which we gonna
talk about it later; also we can see that this channel give us the opportunity
To find new levels of Support and resistance and this levels is really strong to break
What's make 4 of 6 levels never get to break down till now. so we can say that the
Original channel is the god of this stock and where the big things happen in.
in another way, we found that there's Mini Channel which holds the price for a couple days
sometimes the price stay swing inside the Mini Channel for a week or week+2/3 days;
when price move into Mini channel we/I know that the price will never come back down
before it makes a new High price level. that's why I personally prefer the Mini Channel for
Day traders not for swingers because When the candlestick close above the support of the Mini
Channel because 98% the price is going to hit the Resistance levels of the Mini Channel before a pullback
whats make that support line is great Buy target.
Amazon Hate BIG Gaps!
Yeah, it's been a really long time since the price make a huge Gap after Open; Why; because
The traders know in Pre-market that if any big gap happened the price will be forced to pull back to
Fill the gap what's gonna make the price create a downtrend what's may the downtrend
Break the uptrend what gonna make the Amazon stock price goes flat (sideways) for a long Time
before any correction happen. so that's why the pre-market price before open never
effect on the trend.
Now. I said it before and I'm gonna say it again. 2018 will end up as a Green Bullish year for
Amazon. As long as the price act like this.
-
#TradeSafe #TradeSmart.
The first one is the Major or the Original Channel and this channel has 90% of the price
Movement since it created and the Mini-Channel has the other 10% which we gonna
talk about it later; also we can see that this channel give us the opportunity
To find new levels of Support and resistance and this levels is really strong to break
What's make 4 of 6 levels never get to break down till now. so we can say that the
Original channel is the god of this stock and where the big things happen in.
in another way, we found that there's Mini Channel which holds the price for a couple days
sometimes the price stay swing inside the Mini Channel for a week or week+2/3 days;
when price move into Mini channel we/I know that the price will never come back down
before it makes a new High price level. that's why I personally prefer the Mini Channel for
Day traders not for swingers because When the candlestick close above the support of the Mini
Channel because 98% the price is going to hit the Resistance levels of the Mini Channel before a pullback
whats make that support line is great Buy target.
Amazon Hate BIG Gaps!
Yeah, it's been a really long time since the price make a huge Gap after Open; Why; because
The traders know in Pre-market that if any big gap happened the price will be forced to pull back to
Fill the gap what's gonna make the price create a downtrend what's may the downtrend
Break the uptrend what gonna make the Amazon stock price goes flat (sideways) for a long Time
before any correction happen. so that's why the pre-market price before open never
effect on the trend.
Now. I said it before and I'm gonna say it again. 2018 will end up as a Green Bullish year for
Amazon. As long as the price act like this.
-
#TradeSafe #TradeSmart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.