AMZN rejected 843 FIB on 1/26 as it entered extremely overbought....that provided a nice short.On 2/2 it came to retest 843 then failed on ER report dropped near 800 level and recovered slightly to end the day at 810
AMZN bulls could recover and fill the gap following ER or it could head lower toward oversold territory!
Stay tuned for future updates:)
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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.