Hello traders:
Looking at AMZN now for further upside potential.
We see that strong bullish impulse up, and price being to form the larger deeper correction.
This is a good sign for continuation for the price, as we see the structure develops into a triangle/pennant after seeing a bullish push up.
I see 2 scenarios for the buy, either price can break out now and form continuation on the LTF to push higher
or
Price correctively push down once more to the lows of the correction, and reverse up from that point.
Thank you
Note
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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.