Amazonsetup
AMZN Bearish pattern on 1D chartHey everybody welcome back
Today we’re looking at AMZN on the daily chart and it’s forming a very nice head and shoulders pattern.
I actually got in some puts at the top of the right shoulder and took profits already. I opened a new put position just before the bell.
You can see price was rejected at key levels same as the left shoulder. We’ll see if support will hold at the neckline.
If you look into the smaller time frames you can see the down channel of the right shoulder. Price is hitting the resistance of that down channel and has formed a triangle pattern.
My target is at the neckline and whether it holds or breaks support will determine our next position.
Thanks for tuning in.
Let me know how you feel about this and share your ideas
*This is not advice
AMAZON | Sell Opportunity. Get in!If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Amazon Analysis 17.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Amazon Analysis 05.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
$AMZN Possible 36% Gain?Will $AMZN repeat its last pump?
Lets take a look....
What we know from the last pump...
Clear Bullish RSI Divergence
Clear longer term upwards squeezing
19 Month Consolidation
How are we currently looking?
Right now we have great upward squeeze happening.
$AMZN has been consolidating for the past 17 months.
Along with this a very common Bullish pattern has formed known as a Double Bottom.
We also have strong Bullish RSI Divergence along with volume thinning out on the MACD.
Having volume thin out like this over an extended period of time means a big move is coming....
A great buy signal would be once prices break ATH's and either wait for a retest of the previous trends resistance creating new support or seeing very high buying volume.
I have marked out my personal TP's using the Fib Retracement tool.
Trade at your own risk as this is not financial advice but educational advice.
Trade safe, Trade smart, Trade patiently
Feel free to let me know what you think in the comments !
#Amazon - Bullish - But I sell all positionsFrom a purely technical chart perspective, I continue to see Amazon bullish.
A breakout means rapidly rising prices.
I wanted to hold the shares longer but out of my inner conviction that was no longer possible. There are enough alternatives for investments.
Therefore, I sold all Amazon shares from the depots last week, because I consider freedom of opinion and diversity of opinion to be the highest good. In the course of time, censorship has always led to further radicalization and even to war/civil war. This is what history teaches us.
The measures that Twitter, Google, Facebook and Amazon have therefore taken in recent weeks to suppress opinions, I consider as dangerous as the silence of the alleged "democratic" forces in the world. That many media/gazettes celebrate this, shows actually only whose spiritual child dwells in their owners mind.
With their market-dominating position, these companies must be broken up as quickly as possible. Not only from a monopolistic and competition law point of view, but above all because they can and already do massively restrict freedom of opinion and diversity of opinion.
Best regards from Hanover, Lower Saxony
Stefan Bode
Please also still like the publication of the similar idea attached below.
AMZN LONG SET UP TO $3,600TITLE/(DATE)- BUY AMAZON
ASSET- AMZN
PLATFORM- MT4
ORDER TYPE- BUY limit
Time Frame- 1D
ENTRY PRICE 1- 3138.00
ENTRY PRICE 2-3088.00
STOP LOSS- 3038.00
TAKE PROFIT 1- 3238.00 (1000 PIPS)
TAKE PROFIT 2- 3338.00 (2000) PIPs)
TAKE PROFIT 3- 3438.00 (3000 PIPs)
TAKE PROFIT 4- 3538.00 (4000 PIPs)
TAKE PROFIT 5- 3638.00 (5000 PIPs)
STATUS: PENDING
AMZN (AMAZON) LONG AND SHORT SET (HUGE BREAKOUT)HUGE BREAK OUT COMING
Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores. The Company also offers a range of products like whole trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic gala and fuji apples, organic rotisserie chicken.
TITLE/(DATE)- BUY AMAZON (7/28)
ASSET- AMZN
PLATFORM- MT4
ORDER TYPE- BUY limit
Time Frame- 1D
ENTRY PRICE 1- 3018
ENTRY 2- 2998 (pending)
STOP LOSS- 2978 ( 400 PIPS)
TAKE PROFIT 1- 3058 (400 PIPS)
TAKE PROFIT 2- 3098 (800PIPS)
TAKE PROFIT 3- 3158 (1400)
TAKE PROFIT 4- 3228 (2000 PIPS)
TAKE PROFIT 5 - 3318 (3,000 PIPS)
TAKE PROFIT 6- $3458 (4,400 PIPS)
STATUS: ACTIVE
Amazon Elliott Wave View: Further Upside ExpectedHello Traders,
Amazon near-term ended the cycle from 07/31/18 low (1739.56) at the peak of 08/15/18 (1926.26) in black wave ((i)). The internal structure of black wave ((i)) unfolded as a 5 waves structure with an extended blue wave (iii). It ended blue wave (i) at 01/08/18 peak (1800), blue wave (ii) pullback at 02/08/18 at (1818.61) , blue wave (iii) at 08/13/18 peak (1925.72) and blue (iv) pullback at 08/13/18 (1893.80) and finally it ended blue wave (v) of black ((i)) at 08/15/18 peak (1926).
Below from there, it ended black wave ((ii)) pullback at 08/17/18 low (1855.58). Up from there, it is currently in the progress of another 5 waves structure higher. It ended red wave i at 08/21/18 peak (1898.46), red wave ii pullback at 08/21/18 low (1870), red wave iii at 08/23/18 peak (1920) and red wave iv pullback at 08/23/18 low (1900). Up from that low, it can end soon red wave v of the blue wave (i) before a pullback in the sequences of 3-7 or 11 swings in blue wave (ii) can be seen. As long as the pullback stays above 1855.58 invalidation level we expect it to extend higher due to the right-side tag. The right side remains to the upside. We don’t like the selling.
Elliott Wave Analysis: Amazon May Start Another Extension HigherHello Traders,
Let's have a look at the Amazon 1 hour chart.
Short-term Elliott wave analysis suggests that pullback to $1646.48 low ended blue wave (2). Above from there, the stock is rallying higher in blue wave (3). The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves.
Above from $1646.48 low, the rally to $1858.88 high ended red wave 1. The internals of that rally higher took place in another 5 waves impulse sequence in lesser degree cycles. The first leg of a rally to $1725 high ended black wave ((i)) as Leading diagonal structure. Then the pullback to $1682.15 low ended black wave ((ii)) pullback as a Zigzag correction. Up from there, the rally higher to $1841.95 ended black wave ((iii)) in 5 waves. black wave ((iv)) pullback ended at $1791 low, and black wave ((v)) of red wave 1 ended at $1858.88 high.
Below from there, the stock did a 3 wave pullback in red wave 2, which is proposed to have completed the correction against $1646.48 cycle low. After reaching the blue box 100%-123.6% Fibonacci extension area at $1787.19-$1775.77. However, a break above $1858.88 high remains to be seen to validate this view & until then, a double correction lower in red wave 2 can’t be completely ruled out. Near-term, while dips remain above $1769.99 low and more importantly above $1646.48 low the stock is expected to resume the upside. We don’t like selling it and the right side remains to the upside.