Amazon presenting many options

17 Haz 2014

There are 2 really good trades that can play out here. A bearish Cypher (Blue) and a bullish crab (yellow). Currently, price action is in close range of the cypher. If price action can make it's way between $352. 40 at 1.27 extension and $362.18 at .786 retracement kill zone, there is a high probability chance for a reversal. If the cypher plays out and price makes it way down to $227.73 and $220.29 kill zone.. We may see another reversal at the bullish crab pattern (yellow).. All we have to do is sit and wait, and let the market come to us. Limit orders were made for a reason.


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