UPDATE on AMZN! It is possible to see an H&S?
Hello everyone!
The price is near the last low point and we can see a return from here to the next resistance.
H&S if:
- price go to Fibo 50 or 61.8-66 level and return
- at filo level make a candle pattern, after we can go on short position (risky one) with TP in neckline
- big short volumes
If the price go below the low point we can look for price to hit the support of the flat trend and after a candle pattern we can go for Long position inside the trend.
Enjoy it!
The price is near the last low point and we can see a return from here to the next resistance.
H&S if:
- price go to Fibo 50 or 61.8-66 level and return
- at filo level make a candle pattern, after we can go on short position (risky one) with TP in neckline
- big short volumes
If the price go below the low point we can look for price to hit the support of the flat trend and after a candle pattern we can go for Long position inside the trend.
Enjoy it!
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