AMZN

It looked like an ascending triangle. But a head-shoulder pattern has formed with volume confirmation. It usually is not a good sign. My bias is still a bit up. But if the price breaks the micro support line, I would be neutral-bearish before the price holds at the bottom support line. I do have mid-term calls open now as I still think AMZN will make a higher high soon based on the current atmosphere. The fight at the end of ascending triangles has become more complicated nowadays with more microstructures and false breakouts.
AMZNChart PatternsTrend Analysis

Also on:

Disclaimer