Going long with Amazon! ☝️
There is not much to say, triangles are dangerous 🚨, this is a high-risk trade but AMZN is a great company that still has a lot to give.
I'm going bullish betting the symmetrical triangle will break to the upside in a continuation of the uptrend. I think it's time to START BUILDING my position.
My first take profit is at $ 3,760 (127% Fibonacci), relatively close to the next level at $ 3,800 which is the average target price of most analysts.
If the price breaks the triangle with good volume, the red warning line over the triangle would be my confirmation and my last entry, probably after a Throwback.
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨
Have a good day! 🤟
I'm going bullish betting the symmetrical triangle will break to the upside in a continuation of the uptrend. I think it's time to START BUILDING my position.
My first take profit is at $ 3,760 (127% Fibonacci), relatively close to the next level at $ 3,800 which is the average target price of most analysts.
If the price breaks the triangle with good volume, the red warning line over the triangle would be my confirmation and my last entry, probably after a Throwback.
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨
Have a good day! 🤟
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