AMAZON - Strong Again! 📦
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
AMZN is sitting around a strong support in green 80.0. For the bulls to take over long-term, we need a break above the blue zone AND upper blue trendline.
Meanwhile, since we are around a support zone, we will be looking for buy setups on lower timeframes.
🏹on H4: Right Chart
For the bulls to take over, we need a break above the red channel and previous major high in red.
Meanwhile, until the buy is activated, AMZN can still trade lower inside the weekly support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
AMZN is sitting around a strong support in green 80.0. For the bulls to take over long-term, we need a break above the blue zone AND upper blue trendline.
Meanwhile, since we are around a support zone, we will be looking for buy setups on lower timeframes.
🏹on H4: Right Chart
For the bulls to take over, we need a break above the red channel and previous major high in red.
Meanwhile, until the buy is activated, AMZN can still trade lower inside the weekly support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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