Falling Wedge - Earnings Play
Updated
AMZN has been holding a massive falling wedge for quite some time, and with buyers finally starting to step in as AMZN approaches earnings, definitely will be keeping a close eye on this one. Bollinger bands are squeezing (Not Pictured), Bullish ABCD Elliot Wave, some bullish hidden divergence on the RSI, and a double bottom all pointing to a breakout. However, a bit wary to enter given Powell will be live at 2:30 today. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some FIB levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime
--See Attached PT's & Previous Charts Below--
PT1- $103.17
PT2- $105.34
PT4- $107.11
PT4- $109.56 +
--Previously Charted--
https://www.tradingview.com/chart/AMZN/kp2GsDPl-Bullish-Long-Play/
--See Attached PT's & Previous Charts Below--
PT1- $103.17
PT2- $105.34
PT4- $107.11
PT4- $109.56 +
--Previously Charted--
https://www.tradingview.com/chart/AMZN/kp2GsDPl-Bullish-Long-Play/
Note
✅ PT1 & PT2 Reached
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