Bullish reversal chart pattern formed
A double bottom has been formed making the price to jumped back into the weekly uptrend channel and seems to be breaking the neckline of the pattern at this point which is the major resistance where its trading. Once the price breakout the major resistance @2385.34 I will wait for price to retest the major resistance turning it into major support and look for possible long position. Taking my profits at the next major resistance @2701.43 and my stop loss @2254.82 a risk ratio of 1:2.
Let me know what you think about Amazon and dont forget to follow
Let me know what you think about Amazon and dont forget to follow
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.