Amazon - Break And Retest
Hello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
In 2020 Amazon created a beautiful triangle breakout which was followed by a +75% rally and then a -50% correction. After the correction was over, Amazon perfectly retested a confluence of support and reversed aggressively towards the upside. Considering that Amazon just rallied 100%, I am now just waiting for a retest of the structure mentioned in the analysis.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
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Explanation of my video analysis:
In 2020 Amazon created a beautiful triangle breakout which was followed by a +75% rally and then a -50% correction. After the correction was over, Amazon perfectly retested a confluence of support and reversed aggressively towards the upside. Considering that Amazon just rallied 100%, I am now just waiting for a retest of the structure mentioned in the analysis.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
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💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"
basictrading.net
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