AMZN Bulltrap
Everybody and their Grandma are longing the AMZN resistance breakout. (I wanted too but then i thought it cant be that easy)
So i think we may see a bulltrap coming. Im very Bullish midterm on AMZN but maybe not yet.
Im not trading it, just wanted to inform some of you who wanted to long the breakout, that i i think its a trap.
Have a nice Day
So i think we may see a bulltrap coming. Im very Bullish midterm on AMZN but maybe not yet.
Im not trading it, just wanted to inform some of you who wanted to long the breakout, that i i think its a trap.
Have a nice Day
Note
its just a sketch, not actual targets for bulltrap, something like 3700 seems more reasonable as bulltrap targetNote
so far so good, price reached my bulltrap target and is sitting now at previous resistance. retest of said resistance or bulltrap is the question now.Note
price is back in the range, looks like my idea was a success.
maybe another retest of resistance zone and then going to support zone is what i expect now.
Altho tech stocks are up pretty high already, propably a good long entry at support. expecting amzn to go to ~6500-7000 USD before a huge correction.
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