AMZN H&S confirmation, Targeting $970-1043 early 2019AMZN H&S confirmation, Targeting $970-1043 early 2019
Amznshort
End Of Titan Scheme ? End Of Chain Of Happiness ? Enron ? This parabolic rise is like a chain of money..
Still waiting a big crash...
Amazon is not a planet or a spaceship.. This is chain of money..... No production no tech.. This is a scheme and they have so mannnnnnyyyy members...
Time will telll..
Amazon chart looks bad...AMZN looks bad. It will most likely correct to the .618 Fib Level or go even down further to .786 Fib level where the price can find a nice support at the trendline.
Amazon (AMZN) Is still a good shortMain idea on chart. The past AMZN trade is up 12% and my short trade is currently up over 4%. You can find both original ideas in the related section.
We can see this is probably not just a dip but a real trend change? If we do recover from this, keep in mind we are going to see a correction in the next few years.
Thanks for viewing!
AMAZON - Burning - Cycle Wave 2- SHORTAMZN is a STRONG SELL.
Cycle Wave 1 has completed. Cycle Wave 2 is now beginning.
Near-Term (3 Months)
=$890
Will update.
-AB
AMAZON looking for a rebounceamazon correction should be done, hitting 3 years long support line + oversold rsi.
AMZN Long Term Potential DownsideAmazon went from 5 bucks to 115 nonstop during the dotcom bubble. 2000%+ uninterrupted growth. It collapsed back down to 5 bucks during the crash.
Since recovering, Amazon has gone from 100 bucks to 2000 nonstop the past 8 years. 2000%+ uninterrupted growth.
Losing these weekly levels below would be baaaad. Could stop at any of those levels below but theres downside to like 100 bucks.
2000%+ uninterrupted growth = Sketchy.
Amazon Elliott Wave View: Favoring More Downside $AMZN short-term Elliott wave view suggests that a decline to $1685.99 low ended black wave ((W)). The internals of that decline unfolded as Elliott wave Flat structure. Up from there, a bounce to $1856.92 high ended black wave ((X)) as Elliott wave zigzag correction. Where blue wave (A) ended in lesser degree 5 waves at $1809.88 high. A pullback to $1734.23 low in 3 swings ended blue wave (B). And finally, a push higher towards $1856.92 high ended blue wave (C) of ((X)) in another 5 waves.
Down from there, Amazon has made new lows already confirming the next extension lower in black wave ((Y)), thus favoring more downside. The initial decline to $1653 low ended in red wave W. Above from there we are calling red wave X complete at 1797 and as long as it stays below that level but more importantly below 1856.92 it should see more downside. We dont like buying it as the right side is to the downside.
AMZN - UPDATE - if anyone is interested :)i can see this going down
i am going to watch closely and see
what happens. will update you guys also
like, comment and follow :)
Amazon (AMZN) Good to shortI have been short Amazon since 1870 and am currently in good profit.
Amazon has been overvalued for a long long time. If people do not regain confidence in the stock it will drop much more.
AMAZON Weekly - This can only end wellBearish divergence on the MACD & RSI. Parabolic run up. Top resembles rising wedge.
New paradigm
Short AmazonSimply put, Over Bought EMA cross over, MACD divergence confirmed, Short at the structural neckline of the M, expect the M to confirm on the Daily but also to rebound at the 200 EMA
AMZN - don't be fooled by the volume profile.. ..look closer at the OBV..
...you'll see buyers are becoming shy and suggestion of distribution across a market top. Planning to fill shorts on the right shoulder of potential head and shoulders reversal pattern, but will market sell if needed.
AMZN - Strong but......it
a) broke the L-MLH
b) is retesting the L-MLH
b) soon fills the GAP
c) is way overbought anyway ;-)
That's why I lean short - not entering right now, but put it from my observation list to my hunting list.
P!
AMZN- Correction Not Finished AMZN has a low rsi macd and stoch rsi so a rebound soon is expected. It will hit the where the b wave meets the fib and gann lines. then it will go all the way down to the .6 fib and meet with the pocket of Gann fann lines that are created.
$amzn short play 210% profit potentialyoo hey yall
amazon looking like a short. My last amazon play went pretty well . over 250% profit.
now its time to short it for a bit but i do beleive amzn will continue to uptrend. its all just market cycles and crap..it has to go up to go down and has to go down to go up..
4:1 ratio but may move stop up some
AMZN price will drop...Chart shows that Amazon price is going to re-test support of rising trend channel. Expect to see prices aorund 1.120-1.035 USD level until April 2018.
Where is AMAZON going? (How to Trade Amazon's Stock in August)Are you long on AMAZON? Maybe short (for some reason).
Either way- here is an ideal trade setup. All the levels are listed out on the chart for buyers and short sellers, and if we get the break (bearish play) with a confirmation on our MACD, I would consider entering short for the time being! Yes, shorting AMZN, would you believe it?
Or maybe our daily trend line doesn't break? Well I'm in after it holds again, buying the dips, and riding up to the take profit zones.
I will keep updating the chart as we move along- so make sure to follow either this chart or my profile for important updates.
