Amzn Earning 26th OctJust some thoughts, AMZN probably will hit 114-115 soon, expect it during earnings. Then find support and bounce. Price target 145.
AMZN trade ideas
AMZN Not Showing Signs of Strength YetAMZN is trying to fill the gap between 131 and 135. The gap has not been completely filled. When a gap is not filled in a downtrend, it is a sign of weakness. AMZN is also not able to break above 50 SMA, which is hovering in the area of the gap.
When AMZN reached 123 on 28 September, it was testing 38.2% retracement of the 1-2-3-4-5 Motive Wave. This level was retested on 6 October. However, AMZN is showing signs of weakness since, as I said, it is unable to fill the gap so far. If AMZN goes down to the 38.2 percent level again and bounces, it may fill the gap and continue upwards. However, I think this is a less likely scenario since we are in a weak market.
The more likely scenario: AMZN is forming an A-B-C Corrective Wave. AMZN will lose the 38.2 percent retracement and retrace up to 115, which is the 50 percent retracement level of the 1-2-3-4-5 Motive Wave. The C Wave will be completed here. There is also strong support at this level - the peak of 2 Feb 2023.
The uptrend that will begin at 115 will go up to 155, which is the 61.8 percent projection level of the large Motive Wave (taking the low as 115 - end of A-B-C Corrective Wave).
Long Term: Amzn PutAmazon seems to forming a double top. I see this dropping to $115-110 range in the next 3-6 months. If this break $131.50, we will see more dropping.
Short term targets:
Target price 1: $127-126.23
Target price 2: 122.86
Target price 3: 114.00
Target price 4: 110.95
I also see Amzn retracing in the short term to $135 if it doesn't break and hold under $131.50. I will buy a put at $136 and hold until Target 1 is reached.
AMZN AMAZON next moveAmazon.com Inc's. next large thing may be prowling in the costly production network contraption that is changed its online business into a juggernaut.
The Seattle-based organization's venture into purported operations administrations — transportation and conveyance — could ultimately be worth more than $100 billion in income, as per Truist Protections expert Youssef Squali.
Amazon Swing Back to $140Provided there are good numbers tomorrow with cpi, this should be an easy long to $135 and eventually $140. Clear long term support at the $120-$125 level with a crispy reversal formation. Move down was over extended on FTC lawsuit news.
Amazon (AMZN) -> Growing With E-CommerceMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Amazon.
Looking back at January of 2023 you can see that Amazon stock perfectly retested and already rejected the support trendline of the rising channel and also a previous resistance level.
With Amazon currently retesting resistance at the $141 level, I do expect a minor rejection but then I would love to see a break and retest and another push higher to retest the channel top.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Amazon -> Continuation TradeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Amazon.
After the recent rejection away from the lower support trendline of the rising channel I do now expect a short term correction back to the $105 level. Then we could see an inverted head and shoulders pattern which indicates more upside potential and eventually new all time highs.
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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
AMZN Bullish on 25min chartTriangle formation has been formed.
Now we have two options:
Going Up= That is more probably that happens. Key lvl is 130.5
or
Stay in a range= It could continue to floating there and then going up
or
Going down=If it can't support 129.00 price.
What do you see?
$AMZN - 15min 2 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.
At least one more bullish leg up potential for AMZN in Q4'23 While my long-term macro Elliot wave count* on AMZN is not certain, but if the price manages to hold above 123, I am counting on at least one move up towards 151-160 resistance area in Q4 this year.
In the short-term, 50D MA region will serve as an important resistance zone, and point of interest for big institutional money. We either see the price getting institutional support in this area, or we may be left with substantial selling pressure. That is why definitive move above 50D MA, with volume pick-up, would be an important marker for confirmation of the higher potential, mentioned above. This region also coincides with Sep's gap-down, that was not yet filled with any followed-up upward bounce.
Breaking below 123 area, either in the short-term, or during the next correction higher in the wave structure, would be the turning point for me, to consider something major bearish is potentially in the cards.
Trading thesis: if price breaks out above yesterday's highs with volume support, longs could be initiated with 3 and 5% stop losses.
* One important caveat to EW: I use it solely to have a subjective idea about sentiment and overall context to support, but not guide, my investing decisions. Price and volume is the key, and only price pays, not the fibonacci resistance or any wave count.
$AMZN 15 MIN 2 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.
AMAZON $135Nice triple bottom forming on 4H time frame, Last candle stick sitting above 21,200 EMA. Waiting for confirmation @ 130. First PT is 132 then wait for some pullback then we fill the gap to 135. could see a nice run to 140 before earnings.
S-020 [Amazon]Trading idea number S-020 | Amazon stock could fall to $114 area.
The configuration is negative. The RSI is below the neutrality area at 50. MACD is below its signal line and negative. In addition, the stock is below its 20-day and 50-day moving averages.
The pivot point is found at 132, near the 20-day SMA. Just above at 134.36 the last strong resistance on the 50 SMA where we may have a potential stop loss.
📉 Short Entry at 129.67
💰 Take Profit at 114
💸 Stop Loss at 134.50
$AMZN -15 min 2 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.
AMAZON MARKET ANALYSIS1H AMZN BUY ORDER
TARGET +44USD
Price to impulse out of liquidity.
Buy order taken after price tapped into order block.
AMZN bear flag. Must touch white TL before turning bullish. ~120This is a classic bear flag and trendline rejection on the daily.
There is no floor for AMZN buyers to keep the price up here.
Next floor and support is the white TL.
We also saw NASDAQ:AMZN breakout under a long term trend here. 120 is just a mini target. They'll tell you markets are turning bullish but give it 1-2 weeks until they start pumping out, "Gov Shutdown Looming" headlines again. Manipulation is common and allows the markets to be liquid. Stop falling for it.
In my opinion, today was a bull trap.
Look at the SP:SPX AMEX:SPY CAPITALCOM:US100 chart:
I said yesterday in a minds post that we'll pump to 430 then re-evaluate. I did not expect 430 to hit the next day. This is crucial and is usually a sign of weakness. Could be wrong.
Welcome to follow & trade with us - many callouts this month including NASDAQ:NVDA @ 415 NASDAQ:TSLA @ 234 NASDAQ:AMD @ 95
AMZN, 4d/11.29%rising cycle 11.29% in 4 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
AMAZON Stock Chart Fibonacci Analysis 100723Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 128/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
"Amazon's Intriguing Stock Movement”**Amazon (AMZN): Recent Bullish Trend**
In the last five hours of trading, Amazon (AMZN) has displayed a clear bullish trend. The stock's price surged, driven by strong buying momentum and positive news surrounding the company's expanding e-commerce ventures and cloud computing dominance. Technical indicators like the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) both suggest a bullish sentiment. Investor optimism appears robust, and AMZN is on an upward trajectory.
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
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. 👀
