Amazon presenting many options
There are 2 really good trades that can play out here. A bearish Cypher (Blue) and a bullish crab (yellow). Currently, price action is in close range of the cypher. If price action can make it's way between $352. 40 at 1.27 extension and $362.18 at .786 retracement kill zone, there is a high probability chance for a reversal. If the cypher plays out and price makes it way down to $227.73 and $220.29 kill zone.. We may see another reversal at the bullish crab pattern (yellow).. All we have to do is sit and wait, and let the market come to us. Limit orders were made for a reason.
******************************************************************************
For inquires of education, live trading room, or prop trader funding email
epicdaytradinggmail.com
Skype: epicdaytrading
PH: +1 940-448-0281
******************************************************************************
******************************************************************************
For inquires of education, live trading room, or prop trader funding email
epicdaytradinggmail.com
Skype: epicdaytrading
PH: +1 940-448-0281
******************************************************************************
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.