Amazon set for a bearish run ?
Hi all.
Amazon could be set for a drop, bearish signals on the chart in the 4h 8h 1D and 1W chart all show signs
of a continuation of a down trend and could maybe set to gain a few pips on the way down. The pullback has not broken the
previous high so bearish sign still shows,
A key area could the grey box as the pullback is entering this area and there has been a "gap down" in the candles before it got to this area
showing a strong bearish move, also below the 50EMA.
** this is not financial advice, this is for educational purposes, all feedback is welcomed **
Good luck and trade safe
L
Amazon could be set for a drop, bearish signals on the chart in the 4h 8h 1D and 1W chart all show signs
of a continuation of a down trend and could maybe set to gain a few pips on the way down. The pullback has not broken the
previous high so bearish sign still shows,
A key area could the grey box as the pullback is entering this area and there has been a "gap down" in the candles before it got to this area
showing a strong bearish move, also below the 50EMA.
** this is not financial advice, this is for educational purposes, all feedback is welcomed **
Good luck and trade safe
L
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