FAANG Is about to go higher!Traders and Investors, FAANG index has reached an FCP zone which is also a previous structure level. This can create a good bounce up (BULL) opportunity for all FAANG stocks.
Facebook (Meta)
Apple
Amazon
Netflix
Google
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Amazon
Buying Amazon lows.Amazon - 30d expiry - We look to Buy at 103.11 (stop at 97.97)
101.26 has been pivotal.
101.43 has been pivotal.
We look to buy dips.
We look for a temporary move lower.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Support is located at 102.00 and should stem dips to this area.
Our profit targets will be 116.16 and 119.16
Resistance: 117.00 / 121.50 / 125.50
Support: 110.00 / 105.50 / 102.00
Disclaimer – Saxo Bank Group.
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✅AMAZON BREAKOUT CONFIRMED|SHORT🔥
✅AMAZON was trading above the key level
But we are finally seeing a bearish breakout
And the daily candle closed below the level
Which means that the breakout is confirmed
So we are bearish biased now
And after the pullback and retest
We will be expecting bearish continuation
SHORT🔥
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AMAZON Bearish Bias! Sell!
Hello,Traders!
AMAZON is trading in a falling channel
And the stocks is yet again trading at the very edge
Of the horizontal support so I am bearish biased
And I think that IF we see a breakout of the support
Then the price will keep falling inside the channel
Towards the lower demand levels
Sell!
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See other ideas below too!
Bitcoin looks to be repeating the Amazon Potential Bottom.Bitcoin is graphed here to be repeating the Amazon movement but at an accelerated pace, what took years for Amazon to reach a bottom could have taken Bitcoin only months.
If this trend continues it could be on the way to exploding in adoption faster than Amazon but in the same manor.
Ruling out traditional markets / black swan events, if you're holding Bitcoin for longer than 2 + years | would be a nice spot to collect some, without catching them all.
32K for BTC is this pattern plays out!Adam and Eve bottom on the making?
For this pattern to work, Bitcoin needs to stay above 20K and gradually keep rising to the next downtrend and the latest top of 24.4K
This price action on weekly timeframe is looking more and more live a type of W bottom.
The dollar had been rising and Bitcoin had been stable on its range low of 18K-19+K recently it broke 20Kand retested it. Bullish*
AMAZON long term support line, with pre covid boost accounted for, 101 ideal buying opportunity, with 85 as a possible swing Low, investment levels, not day trade, 35% - 80% upside 3 year projection when expected layoffs, cost cutting & lease of excessive ware house space have been implemented & benefits materialised.
SPY to New LowsMarket Makers are selling off large caps and shifting funds into Indexes in order to hold the market up for a complete exit on large caps since they'll be hit the hardest by a crash event and another rate hike. Apple earnings are today after hours, and appear to be the last decider for this earnings weak, amazon and apple both hold the largest weight for SPY. Meta down, Microsoft down, Tesla down, Google down, Apple & Amazon are Spy's last hope, and based on not going against the trend, I'd assume these two giants do like Meta, Google, Microsoft, & Tesla. Slight chance this gets manipulated since apple is the largest holding of a lot of investors but I believe they must be exiting apple shares while pumping the indexes to maximize the exit position.
GDP was higher than expected, which can add fuel to the fire of another rate hike that can tank the market further down, US Dollar needs to go up from here, very overextended to be honest, and could lead to a ripple effect, a huge parabolic sell off.
AMAZON to crash to $80This analysis I do out of doubt.
The charts show an INverse Cup and Handle.
The moving averages are all down 200 > 21 > 7MA
Target 1 seems to be $80.70.
CONCERNS:
The $100 support level is extremely strong and price doesn't seem to price below.
I would go short but knowing this is a medium to low probability trade.
AMAZON - Make Or Break! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AMZN is approaching a strong support and round number 100.0 in green.
For the bulls to take over, we need a new major high to form and then a break above it and above the falling trendline in orange.
Meanwhile, we would be bearish and we can still dive inside the green zone 85.0 - 100.0 before reversing.
Unless the bears manage to break below 85.0, in this case, the bears would remain in control and more bearish movement would be expected.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AMZN Potential for Bearish Continuation | 11 October 2022On H4, as the price moving within descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 117.35, which is in line with the overlap resistance to the take profit at 102.18, where the swing lows are. Alternatively, the price may rise to the stop loss at 125.05, which is in line with the 38.2% fibonacci retracement .
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Amazon´s downtrendAmazon was marked with a huge growth during the COVID period which makes us focus on the behaviour of the stock within the rectangle of that period. And we notice here that we have a support at 143 and within the rectangle we can notice the oscillation of the price. This also marks a curve format that leads us to the downtrend starting from April 2022.
So, following the trend line above we expect that the price will first rise following the curve in the rectangle then drops either to 124 or 101 which is the limit of the rectangle.
Wish 22 vs Amazon 2001If history is any guide...
It can go to $0.69 just for the memes! Wish to the moon! don't try to outsmart Wallstreet just try to think like them.
I have been wrong 100 times with this one! I just don't want to be 100 + 1!
This is what true risk/reward looks like! Everybody is scared to death and the majority sitting at > -70% losses...
Please do your own research and listen to nobody!!!
AMZN Potential for Bearish Continuation| 3rd Oct 2022On H4, with the price moving below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 112.92, which is in line with the 100% fibonacci projection and 78.6% fibonacci retracement to the take profit at 103.96, where the swing lows and 141.4% fibonacci projection are. Alternatively, the price may rise to the stop loss at 118.11, where the previous swing highs are.