AMZN before Earnings
Clear downtrend for Amazon, 'monthly' candle will ultimately end lower by the end of this month (Heikin Ashi confirmation), look for a 'monthly' PSAR break this month or next. Expecting the formation to bust with an inverted partial decline by spring 2020 (approx. visualization).
Note
Apologies for a slight miscalculation: AMZN is set to reach levels of about 1840-1880 (upper trend line) before headed lower. If the prior candle high of 1853.66 is not broken this month it'll tank to 1740 to get ready for low 1500's. If it does break the prior candle high, the correction will be delayed.
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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.