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Thestrat

AMZN-Forming the right hand side of the chart-MTF analysisTomorrow if AMZN breaks today’s inside candle to the downside and closes below 3173, that would create a compound 2 down taking out the previous inside day to the downside. This could in turn create a compound 3 down on the weekly if it continues down next week and takes out 3064.55. Then we possibly trigger the monthly which is a 1 down doji now, to possibly go 2 down next week and take out last months lows at 2948. Let see what she does. There is a lot of month left. But if you are able to form the right hand side of the chart in your mind ahead of time, this is an edge and where big money can be made especially on the longer TF.
NASDAQ:AMZNShort
by YogaJen
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