$AMZN: Down trend could turn around
Let's examine the facts real quick: down trend in the daily timeframe hit the target, intraday bars show a bullish reversal into the close after that, weekly trend remains potentially bullish over time, monthly down trend ran out of time. I'd wager that this is the bottom of this correction here, seems like a low risk bet. Bet small, use relatively wide stops and see what it does, energy prices that were a huge headwind have come a long way down...
Best of luck!
Cheers,
Ivan Labrie.
Best of luck!
Cheers,
Ivan Labrie.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
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.