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AMZN update: Failed breakout and chop continues

504
Update to this post:

Is Amazon about to replicate NVDA's price action?


Looks like AMZN will not replicate NVDA's price action!

Amazon is set up to have a false breakout today and get back in its 12 month+ range.
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Anywhere between 3250 - 3300 is likely going to be major support. There a lot of structure, a .764 retrace, 200dma (I used the 250dma because held the lows perfectly), and arguably an advanced pattern formation at that level.

I want to look for tactical buys around there for at least a bounce.
Not
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Not
is she off? good start
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Not
Seeing a vertical move off the lows and looks like it wants to visit that 3500 area before pulling back. 3500-3550 is the next major resistance. Once it gets above that my bet is we see new al time highs.

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.