Amazon - This Could Be The Breakout Rally!Amazon ( NASDAQ:AMZN ) is creating a major breakout:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Amazon is finally breaking above the previous all time highs and could therefore start the next major bullish cycle. After a 5 year consolidation, a confirmed breakout will lead to an unbelievable short squeeze, which could bring us all the way up to the top of the channel.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
AMZNCL trade ideas
AmznTagged trendline resistance here at 230... overbought like all the other big tech..
Wont go into every overbought indicator because they are all lighting up.
Stock price hit 8% above 20sma... anything over 6 % is due for a rubberband snap back
I think in the next 2 weeks we get a pullback to 212 gap close and 20sma. I expect a bounce at 20sma.. then a grind back to trendline resistance. I highlighted how amazon can jus grind higher until major market correction or Bezo sells
I dont think we target trendline support until after earnings Q1
Smaller time frame..
Lets talk about entries.
If they give you 230 again that would be an entry or wait for a drop below 224
The key is whether it can be supported around 224.93-228.97
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(AMZN 1M chart)
It is already showing an upward trend.
The point to watch is whether it can maintain the price by rising above the Fibonacci ratio 1 (238.57).
If it fails to rise, it is expected to fall to around 172.55-186.98.
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(1W chart)
Since the BW indicator is maintained at the 100 point, even if the price rises, it will eventually show a downward trend.
Accordingly, the key is whether the price can be maintained above the Fibonacci ratio 1 (238.57).
If not, it is expected to touch the MS-Signal (M-Signal on the 1W chart) indicator.
If it falls further, it is necessary to check whether there is support near 176.77-188.07.
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(1D chart)
The HA-High indicator is showing signs of being created at the 224.93 point.
Accordingly, if the HA-High indicator is created at the 224.93 point, the key is whether it can be supported near this point and rise above 228.97.
If it falls after the HA-High indicator is created, it is important whether it can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise.
If not, it is likely to touch the M-Signal indicator on the 1W chart.
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When the StochRSI indicator falls and maintains in the overbought zone, if it shows resistance near 224.93, it is likely to lead to further decline.
If it leads to a decline,
1st: M-Signal on the 1D chart
2nd: M-Signal on the 1W chart
You need to check whether it can be supported and rise near the 1st and 2nd above.
Therefore, when it is confirmed to be supported in the 224.93-228.97 range, it is the time to buy.
The first sell period is near the Fibonacci ratio 1 (238.57).
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Thank you for reading to the end.
I hope you have a successful trade.
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From Prime to Subprime: Why December Could See AMZN Fall
As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it:
AMZN could see a modest correction this December. It's at an all time high, and well into two Wave 5 sequences on the 4h. It's also overbought on an least two oscillators.
We see a 5%+ correction to the $215 price range in the coming 3-4 days .
SUPPORTING OBSERVATIONS:
Recent Rapid Stock Appreciation:
AMZN has seen a significant rise, gaining 14.1% since November 29, 2024. Such swift increases can lead to overvaluation, prompting investors to take profits, supporting the reversal to $215.
Seasonal Competitive Pressures:
Ho ho ho. The holiday season intensifies competition, often leading to increased discounting and promotional activities. This can compress profit margins, potentially impacting Amazon's financial performance and investor sentiment.
Investment in New Ventures:
Amazon's substantial investment in initiatives like Project Kuiper, its satellite internet project, involves significant capital expenditure. While promising long-term, these ventures may pressure short-term profitability, causing some investors to reassess their positions.
Be alert.
Trade green.
AMZN Bull FlagI'm seeing a lot of bullish structure heading into CPI. Looks to me like bullish consolidation across the board, but important to note that if CPI turns us bearish that makes it even worse. For now, charts are pointing up in a big way. AMZN has been a market leader recently and has another bullish pattern here which could lead to another move up to make a new ATH soon. We have potential horizontal support here along with the lower end of the flag so the entry looks enticing to me.
The Nested PullbackPullbacks are a bread-and-butter pattern for anyone trading trends. A market moves with momentum, takes a breather, and then resumes its original direction. Today, we’re diving into a refined variation of this classic setup: the nested pullback.
What Is the Nested Pullback?
The nested pullback takes the traditional pullback and adds a twist. After the market initially pulls back and resumes its trend, a smaller, secondary pullback sometimes occurs during the continuation leg. It’s a minor pause within a larger trend, but it holds major significance for those seeking precision in both entries and trade management.
As depicted in the image below of Amazon's daily candle chart, we see an established uptrend, followed by a pullback. The trend resumes with strength, and crucially, we get a small pause—this creates the nested pullback pattern. It’s this compact formation within the broader move that makes it so effective, offering a structured opportunity for both entries and trade management.
This pattern is a prime example of how market structure and evolving price action can guide decision-making. It’s not just about spotting a pullback, it’s about understanding the conditions that create this nested structure and using it to your advantage.
Nested Pullback AMZN Daily Candle Chart
Past performance is not a reliable indicator of future results
Why This Pattern Can Be So Effective
1. The Cyclical Nature of Volatility
Markets are inherently cyclical, with quiet periods followed by bursts of activity. The nested pullback leverages this dynamic, forming during the quieter phase before volatility picks up again. This makes it an excellent pattern for timing entries just as the market gears up for its next significant move.
2. Not All Pullbacks Are Equal
A key factor in the nested pullback’s effectiveness is that it often follows shallow pullbacks—those with significantly less strength than the preceding trend leg. This relative weakness signals that the underlying trend is strong, and the market is likely to continue moving in the same direction.
The nested pullback pattern isn’t new, but it gained wider recognition thanks to the work of trading authors like Adam Grimes and Linda Raschke. Their insights have helped countless traders incorporate this subtle pattern into their strategies.
How to Trade It
The beauty of the nested pullback is in its simplicity. If you missed the initial pullback entry, this pattern often offers a second chance to join the trend. The structure of the nested pullback allows you to define your risk clearly: stops can be placed just below the small range or flag that forms during the nested pullback. This tight stop placement provides a favourable risk-to-reward ratio, making it an appealing setup for traders.
Managing the trade is equally straightforward. Keltner Channels can be a valuable tool here. By setting the Keltner Channel to 2.5 ATRs around a 20-day exponential moving average (standard settings), you can identify areas where the market might be overextended. If you’re long and the price breaks above the upper Keltner Channel, it could be a strong signal to take profits into strength. This approach ensures that you’re capitalising on the move while avoiding the temptation to hold on too long in the face of potential reversals.
The nested pullback works particularly well in strong, trending markets. It often appears after breakouts or during continuation phases, giving traders a structured way to enter or manage positions confidently.
Example:
In the chart below, Gold is locked in a strong uptrend, with prices initially pulling back to the basis of the Keltner Channel. Following this pullback, the trend resumed, but not without a brief pause spanning two sessions—forming the nested pullback pattern. This pause presented an optimised entry point for traders looking to align with the prevailing trend.
As momentum continued, prices surged into the upper Keltner Channel, providing a clear signal that the market was potentially overextended. This area served as an excellent opportunity to exit the position into strength, locking in gains before any potential reversal.
Gold Daily Candle Chart
Past performance is not a reliable indicator of future results
Summary
The nested pullback is a subtle yet effective pattern that builds on the simplicity of traditional pullbacks. By understanding its structure and why it works, you can use it to refine your entries and strengthen your trade management. Whether you’re new to trading or a seasoned pro, this pattern offers a practical edge in trending markets.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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Amazon’s Key Levels: A GEX-Driven Path to Trading SuccessTechnical Analysis for AMZN (Dec. 10, 2024)
Price Action:
* Opening Movement: AMZN opened with bullish momentum, continuing its trend from the previous session. It tested the $230 resistance level, coinciding with the Highest Positive GEX and psychological significance.
* Mid-Day: The price started consolidating between $225 (support) and $230 (resistance), showing indecision among buyers and sellers.
* Closing Trend: Towards the end of the session, AMZN slightly pulled back, hovering near the $226 zone but still maintaining its uptrend structure above key moving averages and trendlines.
Key Indicators Observed:
1. GEX Indicator:
* $230 Level: Marked as the highest positive gamma resistance, AMZN struggled to break above this level due to the options market hedging activity. Gamma levels acted as a natural resistance barrier.
* $225 Support: This level, corresponding to the 2nd Call Wall, provided strong support during intraday pullbacks, confirming its significance.
* Put Support at $217.5: Below $220, this zone indicates a potential area of buying interest if the price dips further.
2. Trend Lines:
* AMZN respected an upward-sloping trendline throughout the session, demonstrating a bullish sentiment.
* The price held above this trendline, reinforcing it as intraday support.
3. MACD:
* The MACD is currently bearish, with a downward crossover. The histogram is trending negative, signaling reduced bullish momentum and a potential pullback in the short term.
4. Volume:
* A spike in volume was observed during the test of the $230 resistance, indicating significant activity in this region. However, volume decreased during the consolidation phase, hinting at market indecision.
GEX Indicator Insights:
The Gamma Exposure (GEX) indicator highlighted key levels that directly influenced AMZN’s price action:
* Resistance at $230: This level acted as a ceiling, supported by high positive gamma levels, which increased market makers' hedging activity, limiting further upward movement.
* Support at $225: GEX provided a reliable support zone, giving traders confidence to enter long positions during pullbacks.
* Value of GEX in Trading:
* GEX helps traders identify where significant resistance or support levels lie based on options market activity.
* It enhances confidence by revealing hidden forces that shape price movements, offering clarity in volatile conditions.
* Without GEX: Traders may miss understanding why prices consolidate or reverse at specific levels, reducing their ability to predict market movements.
Trading Plan for Tomorrow:
Scalping Strategy:
1. Entry Points:
* Long Above $230: Look for a breakout above $230 with strong volume. Target $235.
* Short Below $225: Enter short if the price breaks below $225, targeting $220 or $217.5.
2. Stop-Loss: Use tight stops of $1 above or below entry points.
Swing Trading:
1. Bullish Scenario:
* If AMZN holds above $225, expect a retest of $230. A breakout could target $235 and $240 in the coming sessions.
2. Bearish Scenario:
* A break below $225 could lead to a decline towards $220 and potentially $217.5.
Disclaimer:
This analysis is for informational purposes only and should not be construed as financial advice. Always perform your due diligence before making any trading decisions.
Amazon patterns - How they played out long timeI have done simple no brainer analysis for AMZN as back test of some fundamental tech analysis. The following tech analysis concepts always worked out.
1. Cup and Handle
2. Breakout / breakdown
3. Triangular pattern
4. Double top and bottoms
Some observations
1. Deeper the Cup higher the come back target
2. Do not enter unless clear threshold / neckline break on C and H
3. It takes many tops to finally get deeper cups - Exit at 3rd or 4th top
4. 3 bottoms is sure indicator of bullish trend
5. Sharp triangles are golden nuggets for entering in Bullish trades
6. Bearish and bullish divergences may be false positives, look for threshold
7. Steeper the parallel channel deeper the dip or rise after breakout or breakdown
8. Observe consolidation clearly and trail with shorter time frames
Please add your valuable observations.
AMZN pullback to $201 (buying AMZD)MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above or at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at near overbought level
VBSM is turning spiked positive
Price at or near Fibonacci level
Target is $201 or channel bottom
Buying NASDAQ:AMZD
Aiming for Growth: Bullish Outlook for Amazon Next Week
- Amazon has recently seen a notable rise of 9%, fueled by a
strong bullish sentiment in the tech sector and its inclusion in the
"Magnificent 7" stocks. The company is benefiting from increasing consumer
spending ahead of the holiday season, contributing to positive overall
market momentum. Amazon's stock price currently stands at 227.03, marking a
significant performance relative to peers and setting the stage for
potential future gains.
- Key Insights: Investors should consider Amazon's innovative strides,
particularly with the launch of its new Tranium 2 chip, designed to compete
against Nvidia. This technological expansion positions Amazon favorably
within the competitive landscape. Market observers advocate for leveraging
potential dips, particularly around key support levels, to establish long
positions.
- Expert Analysis: Financial analysts maintain a strong bullish outlook for
Amazon, emphasizing its resilience and performance in a volatile market
environment. With robust innovation strategies and leadership in the
e-commerce space, experts suggest that investors closely monitor stock
dynamics around established support zones to make informed trading
decisions.
- Price Targets:
- Next week targets: T1 at 235, T2 at 240
- Stop levels: S1 at 218, S2 at 216
- News Impact: Recent trends indicate that Amazon is outperforming key
competitors, reflecting its adaptability to market changes. The focus on new
product launches reinforces investor confidence, while analysts spotlight
the potential for pullbacks to support levels as the market fluctuates.
These factors render Amazon a pivotal stock to watch for sustained growth
opportunities.
Amazon- Bullish in my opinion📊 Technical Analysis:
Amazon's stock continues to show impressive strength, breaking past the $200 and currently trading at $217.94. This surge aligns with the typical year-end "Santa Claus rally," where stocks often benefit from increased retail activity and market optimism. With consumer spending on the rise and seasonal trends providing a tailwind, Amazon could see continued upside as we move deeper into the holidays.
📰 Fundamentals:
🟢 Amazon sees a boost from rising e-commerce demand and growing Prime memberships.
🟢 Despite earlier challenges, AWS remains a key revenue driver in the cloud sector.
🟢 Operational streamlining and profit focus have increased investor confidence.
💡 My personal near-term target is around $240-$250, supported by seasonal trends and potential macroeconomic recovery.
*This is not financial advice.
AMZN at an all-time high: To be continued?AMZN reaches a new all-time high of $225.8, positioning itself at the upper boundary of an ascending channel that began on January 6, 2023, when it hit a low of $83.07. This channel, nearing its two-year milestone, has developed in five waves, as outlined by the Elliott Wave Theory:
Wave 1
Period: January 4, 2023 - September 14, 2023
Movement: $81.43 to $145.86 (+79%)
Wave 2
Period: September 14, 2023 - October 26, 2023
Movement: $145.86 to $118.35 (-19%)
Wave 3
Period: October 26, 2023 - July 8, 2024
Movement: $118.35 to $201.20 (+70%)
Wave 4
Period: July 8, 2024 - August 5, 2024
Movement: $201.20 to $151.61 (-25%)
Wave 5 (in progress)
Estimated period: August 5, 2024, to today
Projected movement: $151.61 to a range of $226.00 - $231.85 (+49% to +53% projected)
Key Questions for Caution on AMZN
Will it surpass the channel's upper boundary, setting new all-time highs?
Will it retrace to a dynamic support level within the channel (ranging between $201 and $195)?
Will it break below the ascending channel, signaling the start of a higher-degree correction?
Our opinion is for educational purposes only and should not be considered a recommendation to buy or sell. Before making any investment, consult with your financial advisor.
AMAZON EXPANDSThe national football league and amazon web services recently announced an extension of their long -term partnership. SINCE 2017, the NFL and AWS have been at the forefront of innovation, leveraging AWS'S artificial intelligence and machine learning services to shape the future of the football. Amazon FRESH has also introduced new grocery savings for its prime members shopping in store and online at amazon fresh: a new private label brand that offers great value for all their customers." We are always looking to make grocery shopping easier, faster and more affordable" said CLAIRE PETERS, the vice president of AMAZON FRESH worldwide. Besides the good news of this stock we can see it has formed a w pattern signalling a buy and will continue to buy. GOOD LUCK
Amazon - Breaking Trade 12/4/2024There was a great breakout trade opportunity on Amazon's stock, enhanced by a refined entry strategy. The red zone highlights a key resistance level where the price struggled to break through. Eventually, a breakout occurred with a strong bullish candlestick, confirming buyers' strength. However, instead of entering immediately at the breakout, the ideal entry point would be on the pullback to the red zone.
After the breakout, the price retraced back to the resistance zone, which then acted as support. Notice how the price tested this zone but failed to close below it, indicating that buyers remained in control. The optimal entry would occur when the price breaks above the high of the retracement candle, confirming the continuation of the bullish move.
This approach allows for a more precise entry, reduces risk by setting a stop-loss below the support zone, and offers a better reward-to-risk ratio as the trend resumes upward. It’s a textbook example of a breakout-retest setup with confirmation.
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