Amazon TA
Amazon is for the 7th time testing critical resistance! Although it has had many fake breakout of this pattern, watch closely this 3230 level. A breakout with volume and confirmation, is a massive move! It is so close to breakout it’s incredible. It’s hard to say if it’s going to have a fake breakout or not, but this W pattern looks legit! Keep a slow eye on Amazon, as a move through this consildation could be big! Don’t bet the farm on it, as it has been known to M pattern out after a fake breakout, but it is looking pretty solid!!!
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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.