AMZN price is following an uptrend at the moment. The blue line being the support of this history happening at the moment.
The gape will be probably filled before observing another push up, the blue line have shown in the past that when the market comes to it, it pullback in other direction. The blue line is probability, therefore, an amazingly interesting entry point for a long direction trade.
Levels, potential and hypothetical are market with respectively straight lines (Red/Green) and dotted lines (Green/Black).
This give you some to work on to prepare your own charts for next week.
The gape will be probably filled before observing another push up, the blue line have shown in the past that when the market comes to it, it pullback in other direction. The blue line is probability, therefore, an amazingly interesting entry point for a long direction trade.
Levels, potential and hypothetical are market with respectively straight lines (Red/Green) and dotted lines (Green/Black).
This give you some to work on to prepare your own charts for next week.
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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.
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.