Hello everyone , as we all know the market action discounts everything :) we took a look on the AMZN stock weekly chart and noticed no reversal signs yet the market is still in a bullish phase with all the different patters and indicators confirming this . the market seems to formed a flag pattern and its trading in its range for the time being.
Fundamental...
Last week right after the Asian market open, the weekend gap was filled, our $1440 Decision Point level was breached and it went up to the moon.
There were no sign of weaknesses yet, bullish momentum was strong on each upward push.
Today the market was opened with a gap up again and as I am writing this, there is no sign of reversal yet; therefore we stay put and...
As the longe term trend analysis has been up. Further sentiment is bearish with retail traders so banks will drive the price up making a bullish run again.
