Price had a daily breakout.
1H chart shows bullish move.
Price is currently in a bearish 1H pullback.
Fib level drawn on 1H bullish swing low to swing high.
Waiting for price to retrace bearish from 38.2% to 61.8% fib levels.
Waiting for Price to breakout above descending 1H trendline.
Buy on a 1H close above 1H trendline.
TP is -61.8% fib level @ 1970
Find your own SL
1H chart shows bullish move.
Price is currently in a bearish 1H pullback.
Fib level drawn on 1H bullish swing low to swing high.
Waiting for price to retrace bearish from 38.2% to 61.8% fib levels.
Waiting for Price to breakout above descending 1H trendline.
Buy on a 1H close above 1H trendline.
TP is -61.8% fib level @ 1970
Find your own SL
Note
1st long trade - candle close above descending trendline2nd long trade - candle close above swing high resistance level @ 1900.
Note
NASDAQ NOT NYSENote
Here is a Day Chart of AMZN.Price may rach TP 1970 next week.
Note
I wrote this retrace unclearly. Price could retrace anywhere between 38.2% to 61.8% before it returns bullish continuation.Note
Redrew descending trendline with new high wickNote
waiting for a 1h candle close above 38.2% fib and trendline.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.