AMZN Trade Idea
Amazon is playing well with this resistance zone. I have a short and long entry set based on Fibonacci levels.
Long trade idea:
Entry: Above Supply zone
Target: A 1.618 Fibonacci level drawn in the past.
Short trade idea:
Entry: Below Supply zone
Target: 1.618 Fibonacci
Whither I enter the trade or not depends on price action.
KEY:
-White Horizonal Lines: Previous resistance levels.
-Green Horizontal Lines: 1.618 fib level (previous days).
-Green boxes: Supply and demand
Long trade idea:
Entry: Above Supply zone
Target: A 1.618 Fibonacci level drawn in the past.
Short trade idea:
Entry: Below Supply zone
Target: 1.618 Fibonacci
Whither I enter the trade or not depends on price action.
KEY:
-White Horizonal Lines: Previous resistance levels.
-Green Horizontal Lines: 1.618 fib level (previous days).
-Green boxes: Supply and demand
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.
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.