I am seeing the range at which AMZN trades consolidate and trade above the 50% on the Fibonacci retracement. The last week, AMZN has bounced up from 3105-3110 range with little difficulty. I have seen speculation as to whether we have had a cup n handle form and that I am not sure about, but the curved line below recent price movement within the ascending triangle looks like strong support. It could even be that the nadir of that movement forming the arc is the head in an inverse head and shoulders.
2 period RSI is curling and may cross on the shorter leg the longer leg.
Let me know what you think.
2 period RSI is curling and may cross on the shorter leg the longer leg.
Let me know what you think.
Note
Looks like this didn't like Russian vaccine news. :(
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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.