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AMZN Bearish pattern on 1D chartHey everybody welcome back Today we’re looking at AMZN on the daily chart and it’s forming a very nice head and shoulders pattern. I actually got in some puts at the top of the right shoulder and took profits already. I opened a new put position just before the bell. You can see price was rejected at key levels same as the left shoulder. We’ll see if support will hold at the neckline. If you look into the smaller time frames you can see the down channel of the right shoulder. Price is hitting the resistance of that down channel and has formed a triangle pattern. My target is at the neckline and whether it holds or breaks support will determine our next position. Thanks for tuning in. Let me know how you feel about this and share your ideas *This is not advice
NASDAQ:AMZNShort
by roddy2ktrades
Gold : Intraweek Technical AnalysisThe gold is ripe for an upward move. The price action of gold tested the support of 1815 throughout the week with resistance at 1845 and 1855. My idea is that the fundamentals of gold have gone strong. The supply is getting cut off . the yellow metal will try to break the resistance of 1855 as soon as the market opens. My idea is to take entry below 1830 with a second layer at 1815. My targets for intraweek will be 1855 and 1875. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
OANDA:XAUUSDLong
by JBShark