Amazonlong
🚨 Amazon Is On HIGH ALERT!!! 🚨 (AMZN)🤔 The big daddy of e-commerce looks like it could be at a tipping point!
MASSIVE ascending wedge! We are now getting the compression at the tip of the iceberg.
This pattern can show signs of extreme exhaustion.
What you will want to do is play the breakout of the wedge, almost like how I showed on spx500 before the dump.
2515 is current support that MUST HOLD! Good opportunity to short if it breaks that level.
2683 is an opportunity for long if it broke the top of the pattern, would need to be parabolic movement to breach.
Best of luck to you! 🎲🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
AMZN continue its equilibriumHello everybody, the AMAZON stock price seems entering in an equilibrium range since 14 April, after passing a good uptrend since 16 March.
In the actual conditions, the AMZN stock price will continue in its equilibrium, but could at any time break it :
- above which mean another increasing trend
- or below the rectangle which means a decreasing trend.
Amazon busca romper su máximo histórico Amazon ha roto un máximo histórico de $2460 que ahora mismo está intentando romper aún más. El precio se mantiene arriba de ese nivel pero aún debemos esperar a que el precio rebote en el que esperamos se convierta en un soporte para poder entrar con confianza en largo.
Amazon to break all time highTech companies are having a bull run even considering the crisis that we are already over us. Still these companies like Amazon are looking to grow and give people ways to grow their business even during lock down time.
Amazon might be breaking the all time high to create a new one soon.
Amazon to reach a new highTech companies are having a bull run even considering the crisis that we are already over us. Still these companies like Amazon are looking to grow and give people ways to grow their business even during lock down time.
Amazon might be breaking the all time high to create a new one soon.
AMAZON ($AMZN): Was it Bulls or Did the Bears Just Get Squeezed?✨ New charts every day ✨
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Amazon is the king of online sellers. Was this the bulls that brought us here on COVID-19 strength, or was this all just the bears getting squeezed? Revenue was up last quarter and they don't report again until the summer. Meanwhile, reports say shipping times are getting back to normal. Amazon might be at all time highs, but that doesn't mean it can't go higher.
Resources: www.earningswhispers.com + time.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 4 hour chart. Lets hope that was from buyers really looking for more continuation and not just COVID-19 bears getting squeezed in early April.
2. With this strategy, we we want to enter long on bullish order blocks plotted by Orderblock Mapping (Blue) and bullish S/R levels plotted by Directional Bias (Blue).
3. For the Bullish continuation, a pullback to R1 after its initial move higher would be the most ideal but not necessarily ensured as there will be large amount of momentum when we break out on the upside.
4. For the Sideways indecision, a small scalp from S1 to R1 is ideal since again we are trend traders so buying support in an uptrend is very much the path of most likely success.
5. Finally for the Bearish Correction preplanning an average entry at either of the S2/S3 ranges is looking great. Of course, this is assuming Fractal Trend is still showing an uptrend when we get to those ranges.
AMZN working hard or hardly working?AMZN has proven itself to has bullish features, but is that momentum slowing down? MA's indicate so, for now, momentum can be seen to be slower than the normal rapid bullish movements that are seen. This momentum will resume once MA's decide on a direction whether it be upwards and continuation of this very weak upward trend or breakdown to begin a new respectable move upward. I would either go long on this or short it.