Amzn 10723Amazon appears to be putting in another failed high that is about the same high as the previous attempt. I would expect a drawdown to test supports. Not sure but this thing is looking ready to fall off a cliff
AMZNCL trade ideas
AmznPennant here to close gaps..
Gaps are at.129.46 , 131.30 and lastly 135..
I think the first two gap close will come easily. 135 will be a tough gap, I'd wait for a push over 132.50 for to long the final gap close.
Entry
128
Stop loss 126.50
$AMZN2 steps for Bullish Scenario with T1S Indicator:
1. Candles Above the Green Line:
• Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum.
2. Bars Above Zero:
• Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or upward price movement.
2 steps for Bearish Scenario with T1S Indicator:
1. Candles Below the Green Line:
• Verify that the candles on the chart are positioned below the green line of the T1S indicator. This condition may indicate bearish momentum or a potential downward trend.
2. Bars Negative Below Zero:
• Confirm that the bars on the T1S indicator are in the negative territory and located below zero. This setup suggests a negative market sentiment or downward price movement.
Incorporating green-red line dynamics enhances criteria for authentic signals
For Bullish Scenario:
1. Candles Above the Green Line:
• Confirm that the candles on the chart are positioned above the green line of the T1S indicator.
2. Bars Above Zero:
• Ensure that the bars on the T1S indicator are above zero, indicating positive market sentiment.
3. Green Line Above Red Line:
• Verify that the green line of the T1S indicator is positioned above the red line. This relationship helps maintain the bullish scenario.
For Bearish Scenario:
1. Candles Below the Green Line:
• Verify that the candles on the chart are positioned below the green line of the T1S indicator.
2. Bars Negative Below Zero:
• Confirm that the bars on the T1S indicator are in the negative territory and located below zero, indicating a negative market sentiment.
3. Green Line Below Red Line:
• Ensure that the green line of the T1S indicator is positioned below the red line. This relationship helps maintain the bearish scenario.
These additional conditions regarding the relationship between the green and red lines act as a filter, providing more guidance to traders and investors and helping them avoid potential false signals or fake breakouts/breakdowns. It introduces a layer of confirmation to the overall analysis. As always, it's important to use such indicators as part of a comprehensive trading strategy and to consider risk management principles.
$AMZN - Can it get to 200DMA?NASDAQ:AMZN broke down from the rising wedge. The full measured move for the breakdown is $113, coincidentally aligning with the 200DMA. Can it reach that level?
$121 could provide support and serve as a potential reversal area. 👀
AMAZON --- is down over 40%! 2031 Till next ATH?The drawdown visualisation is a great tool to determine the characteristic of previous and current market conditions in whatever asset you are looking it.
Here I have drawn up AMZN priced in CPI index units rather than notional US Dollar's.
For what purpose do people allocate money to equities... but to grow a nest-egg for the your future.
But timing is everything
And we can see that AMZN is currently down over 40% priced against goods/services/expenditures
Effectively you have gotten 40% poorer
(assuming 100% allocation at the top... unlikely I know ,,, but for illustrative purposes still useful to know. ..
And the point is how during a bull market, the price doesn't deviate away from the high that much. in 2022 we have already been down 60% are we facing a price reset for risk and stalling market for the rest of the decade. It has happened many times before, so we have to assume the old adage History Rhyming.
Wyckoff Distribution EventsAfter the SOW (sign of weakness) the Wyckoff Distribution Events goes in its last phase.
LPSY—last point of supply.
After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.
GAP OVERHEADPrice fell from the bearish rising wedge a while back.
Earnings toward end of October.
Structure that is wedge shape and is forming up, which is against the most current trend which was down.
Flags and pennants are neutral until broken and can break up or down.
Gap overhead.
No recommendation
AMZN BREAKOUT ON THE CHANNELAMZN confirms a bearish breakout on the bullish channel formed. Here we see the price respected the major resistance and followed up a bearish sentiment which has caused the price to show up a breakout on the structure formed. We expect a decent price decline back towards the daily support created on the bottom.
AMZN AnalysisPrice played out nicely from my last analysis, giving us a 10.51% move to the downside, taking all the objectives. Right now, I'm expecting a continuation lower into the bullish OB at 118.60. Price could make a bullish retracement to fill the FVG above if it's unable to break the lows at 123.04, before going lower.
AMAZON Will easily overcome this. Buy now, low prices won't lastAmazon / AMZN has paused the aggressive rally since the start of the year and is testing the 1week MA100 as Support.
Being around the 0.618 Fibonacci level, a similar pattern where the 1week MA100 was supporting, emerged in 2007 and 2009.
You can see that it is the same sharp recovery formation, which after an aggressive rise, it accumulated on the 1week MA100 and then blasted through to the 1.382 Fibonacci extension.
It may not look like it but this price level is a buy opportunity that we might not see again any time soon. The 1.382 Fib is at $260. Late 2024 target perhaps?
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AMAZON LONG Amazon has reached a major support region of $80-$84 and looks like it's ready for a possible bounce to $95-$100 region.
AMAZONIt's quite interesting because there's a gap that hasn't been recharged yet!!! In theory, it should recharge, but I don't think it will happen now; we will go down first, and then the recharge might come later. So, be cautious with the entry. Those with less money should wait for the recharge and only then get in."
AMZN: Sell ideaSell idea on AMZN as you see on the chart because we have the breakout with force the vwap indicator by a big red candle follow by a large red volume.Thanks.
Amazon to see a selloff?Amazon - 30d expiry - We look to Sell a break of 123.86 (stop at 129.66)
Short term bias has turned negative.
Short term momentum is bearish.
The trend of higher intraday lows has also been broken.
125.92 has been pivotal.
Our bespoke support of 126.00 has been clearly broken.
A break of the recent low at 124.13 should result in a further move lower.
Our profit targets will be 109.86 and 106.86
Resistance: 127.00 / 132.24 / 135.00
Support: 124.13 / 120.00 / 114.00
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Amazon is an opportunity to buyHello traders. There is a great investment opportunity in Amazon shares. With a downtrend break. And break the ascending triangle pattern. Likewise, breaking the resistance at level 104. These are all factors confirming the strong entry of buyers into this giant stock .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
AmznLooking for a pop back up to 132 ..
Eventually looking for a break below 127 and the next leg down.
Stop loss 126.00
It could break over 132 and 135 gap close but for now 132 is the move
AMZN Stock Analysis: 4 Reasons to Doubt the Bullish OutlookAfter the Fed signaled last week that rates may be higher for longer than expected, the US stock market has received a strong bearish boost. And among the most vulnerable assets were technology stocks (considered risky). The NASDAQ index has already fallen by about 6% since last Wednesday (when the FOMC meeting took place). And the negative backdrop from the Fed is one of the 4 issues that give reason to doubt the bullish outlook for AMZN stock.
The second reason is that AMZN has fallen 9% in value since last Wednesday. That is, AMZN is falling faster than the overall market. And this problem is not new. Compare the dynamics of the index and Amazon shares on a weekly timeframe and you will see that the shares have been performing weaker than the index since the summer of 2020. That is, the leadership status that was held for many years has been lost.
The third reason is that yesterday, it became known that the Federal Trade Commission and 17 states sued Amazon, claiming that its online commerce policies illegally stifle competition. The litigation could put further pressure on the stock price.
The fourth reason is volume analysis. The last two spikes in large volumes of trading in AMZN shares on the NASDAQ exchange were recorded on August 4 and September 15. After the first surge, the price stopped growing as part of a bullish trend that has lasted since the beginning of 2023. After the second, it began to decline. Perhaps large players took profits from the rally and reversed positions in anticipation of lower prices?
It is also worth noting that the 2023 rally did not reach the level of 50% of the A→B decline, so the level of USD 126 per share of AMZN (providing support in July) may be broken against the backdrop of these problems, opening the way to the psychological mark of 100 USD per share.
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$AMZN Can it Break Thru This Area of Resistance?NASDAQ:AMZN I am looking / waiting for Amazon to break above this area of resistance before I get involved. If we get an improving market ( I don't know if we will) then I expect Amazon can head back to recent highs.
I have an alert set on that line and if / when it breaks thru I'll start looking at a lower timeframe to determine a good entry and stop area.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
AMZN: Sell ideaSell idea on AMZN as you see on the chart because we have the breakout with force the vwap by a big red candle with a large red volume.Thanks!
AMZN, Two-Fold Formations, MASSIVE BREAKOUT on Earnings!Hello There!
Welcome to my new Stock Market Price Analysis about the AMAZON/ AMZN Stock Price. In my analysis I am analyizing the stock price of AMAZON/ AMZN on a 2-day timeframe perspective. The markets are showing initial recoveries from the massive shocks that hit the economy in the last year with inflation rising to new heights. As the inflation calms down and recession dangers seem to decrease a big questionmark confronts investors on where they should allocate their funds to profit from a possible upswing within the market. Although, this holds true for institutional and retail investors, a bigger chunk of larger price-swings is done by smart money institutional flows. Therefore an appropriate objection is also done when considering where smart money is allocating there funds. In this current situation it has to be explicitly said that not every stock in this market has the ability to rally and to recover from a recession scenario. Therefore, it is utmostly important that sophisticated investors pick the stocks that have a real potential in the market and that should also keep providing strong returns if inflation, recession, stagnation, and a extensive demand gap should rise again.
In the past earnings report the AMAZON/ AMZN stock has surprised the markets with a huge increase in earnings by 83.66%. This could be a sign that AMAZON/ AMZN has the potential to complete 2023 with a positive earnings close compared to the really bad year of 2022 where earnings actually closed negatively of -153.34% which also showed up in the real price-action of the actual price of the stock. Reversely, this means that when the company holds on to positive earnings and increase them to close 2023 this will provide a strong fundamental boost that has the potential to convert into actual price-action that can be inclined with the technicals for the stock price-action. Especially, considering how well the stock has done within the corona crisis with retail business moving to new heights compared to other businesses that just hit rock bottom and mass-bancruptcies unfolding all over the place this shows how these dynamics can give the stock a positive fundamental base in the present dynamic from where growth is possible if not other dynamics with considerations of inflation, recession, stagnation, and a extensive demand gap should change in the next times.
Considering the technical perspective which is also playing a massive role for the stock there are several really interesting developments here. Firstly, recently with the earnings surprise the stock jumped massively and printed a great green candle pumping over 10%. Furthermore, the stock is forming two main formations here which is firstly the massive broadening-wedge formation that has been almost completed for now and the inverse head-and-shoulder formation in which the stock price-action is now forming the right shoulder of the whole formation moving simultaneously with the broadening-wedge confirmation. The fact that this bounce within the main support cluser marked in orange in my chart supported by the 100-EMA in blue, the 600-EMA in red, the ascending trend-line of the huge channel and the upper-boundary of the broadening-wedge increase the likelihood of a appropriate bounce in this area by almost 100%. With this first confirmation, from the technical perspective this will open the doors for the stock to rally massively and finalize also the second confirmation which will happen with the stock breaking out above the blue neckline of the inverse head-shoulder formation.
Thank you everybody for watching. Support for my idea is appreciated and then let´s move on forward together.
VP
How I Analyze Market Structure - Breakout vs. Rejection Hello all,
First post.
I wanted to share a valuable insight I use in my trading strategy to evaluate market structure.
The only strategy I trade is 1.) a break and hold with volume above/below a key level 2.) bounce at key level 3.) reject at key level
Understanding Market Structure:
Obviously when we see higher highs accompanied by higher lows, it's a clear sign of an uptrend and vice versa.
If the price approaches a key level (in this case AMZN $132) after bouncing from a higher low, I would anticipate a break to hold that level and climb higher. However, that's not what happened here.
On the other hand, if the price approaches a key level after forming a recent lower low from the prior pivot, I like to be prepared for a potential rejection. This could indicate a shift in sentiment and see some reversal follow through.
Today's price action in NASDAQ:AMZN is a great example of this type of PA. It can be confusing to some traders to differentiate a bounce/rejection from a breakout/breakdown after a level has seen reaction multiple times.
If you're unsure on the trend, zoom out. Even if price is trending on, say the 1H, you may see something completely different on the daily.
Hopefully this makes sense and can help at least a couple of people.
Monitoring the bearish sentiment i'm currently monitoring both the 1hr & 30 min chart. Both charts have the AD/Money Flow showing a double top... also on the 1000R I have the .618 fib near 147.20, previous support could act as future resistances. Im waiting for Fridays action to determine if 147.20 is a short or not. I'm going to share a few charts that i've created. This is not trading or financial advice. Just sharing my Technical Analysis and how I few charts
AMAZON: Testing the 1D MA100. Will it hold?AMAZON is on the third straight day where it respects the 1D MA100. Holding this level translates into a rebound base as the long term pattern is a Channel Up. The 1D technical outlook hasn't been lower thought (RSI = 40.739, MACD = -0.760, ADX = 35.289) since December 28th 2022, so the slightest cross below, should extend the downfall under the Channel Up and towards the 1D MA200.
The Huge Buy Zone is inside the 0.382 - 0.5 Fibonacci range. Those will be the two buy entries and our target on the medium term is the R1 level (TP = 145.90).
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