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.
AMZN
AMZN 90% Retrace from $102 where it started to uptrend.NASDAQ:AMZN
AMZN after the split it fell to $102 where there is strong support. Those levels was tested for 2-3 weeks. If it breaks 102 and breaches the $98.
It can go to 85. For the Bullish case. If we hold 110 - 105 it could consolidate at those levels.
AMZN: This structure could REVERSE the bear trend!• AMZN is in a bear trend, as it is doing nothing but lower highs/lows, and there’s no sign of reversal yet;
• In addition, AMZN is trading below the 21 ema, which is working as a resistance;
• Since it is a bear trend and there’s no confirmation of a reversal, the area near $100 is the next support level;
• However, a possible bullish structure could reject this thesis. If AMZN breaks the previous resistance at $117 (black line), it’ll break the bear trend by doing a higher high/low, and by breaking the 21 ema;
• This reversal would have a target at the last gap ($136 – green line), however, there’s no confirmation that AMZN will trigger this bullish pivot point;
• In the daily chart, we see why the $117 is important. It is not just the previous top in the 1h chart, but the previous top twice, in June and July;
• In addition, AMZN is below the 21 ema in the D chart as well, and this point will probably work as a resistance in the future. Still the gap around $136 would be the ideal target;
• However, in the lack of confirmation, AMZN will just seek the next bottom at $102, therefore, it is important to see some reaction as soon as possible if it wants to avoid this scenario.
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Amazon in potential head and shoulders.Amazon - 30D expiry - We look to Sell at 124.94 (stop at 130.11)
A bearish Head and Shoulders is forming.
Selling continued from the 50% pullback level of 123.92.
Bespoke resistance is located at 125.00.
Resistance could prove difficult to breakdown.
Daily signals are bearish.
128.99 has been pivotal.
Our profit targets will be 113.22 and 109.22
Resistance: 118.00 / 125.00 / 130.00
Support: 112.00 / 107.00 / 102.00
Daily picture
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AMZN - To Test SupportAMZN sell volume is still high and on the downside, it will retest 110 support level before rise to resistance at 132.
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2X $AMZN TP3 HIT for 18%! (PERFECT SETUP)$AMZN printed when it broke out of the rising wedge with a $25 move! it filled the gap and came back to retest the TP1/Support area, and proceeded to head to TP3. We are playing the next leg down and holding on to the position even more if it breaks TP4 with strong momentum!
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AMZN H16: 40% correction PT BEARS 85 USD short it(SL/TP)(STOCKS)Why get subbed to me on Tradingview?
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AMZN H16: 40% correction PT BEARS 85 USD short it(SL/TP)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: AMZN H4 chart review and outlook
::: updated/revised outlook
::: SHORT HIGH alerted previously
::: on July 21st currently BEARS
::: making money / congrats
::: no upside in this market
::: FED just did an aggressive HIKE
::: expecting more losses in Q3/Q4 2022
::: BEARS hold until FINAL TP at 85 USD
::: maxed out already
::: Currently DISTRIBUTION already completed
::: we broke down on heavy volume
::: this is NASTY looking chart
::: BAD for the BULLS / stay out
::: FED rate hikes incoming / FED PUT is GONE
::: short sell rips/rallies in the throwback move
::: expecting backtest of the recent Distribution Range
::: recommended strategy: SHORT IT / STAY OUT
::: up to 40% correction still possible from here
::: fair value for AMZN is 85/95 USD
::: DO NOT BUY/HOLD here this is NOT A DIP
::: This is stock market meltdown in progress
::: be careful / don't get ran over by the FED
🔸 Supply/Demand Zones
. N/A
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AMZN Potential for Bullish Momentum | 22nd September 2022On H4, with the price is showing a bullish pennant pattern, if the price rise to the buy entry at 137.29, which breakout the ascending trendline, we would hold a bullish bias that the price may rise to the take profit at 169.09, where the swing high is. Alternatively, the price may drop to the stop loss at 125.39, where the overlap support is.
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AMZN: Bearish setup!!!Amazon, Inc look very interesting to short in weekly timeframe.
So, I love to trade stocks in big timeframe as the big benefit it's the patience and trade in big timeframe we could to earn a lot money in medium to long term and being disciplined.
So, I'm analyzing that Amazon look bearish in weekly timeframe that we could to get benefit trade in bearish trend. Also if you trade in Daily, still bearish. I like to trade stock and crypto in over Day timeframe and also swing trading are the best strategy to do, for me.
So, I'm bearish in Amazon, as the same stock market and cryptocurrencies.
Good luck!!!
Remember,I have another account to trade stock and crypto market, but I have another account just to trade Forex. What we could to get good benefit for our investment.
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT GOLD AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AMZN Has a Broken Handle!Amazon has a broken handle!
The handle of the classic cup and handle broke this afternoon on the weekly chart.
I am bullish on Amazon for this reason and because SPY is trading above 400!
I strongly believe that Amazon has a strong move ahead of today.
Blessed beyond measure,
MrALtrades00
*This is not financial advice.
Elliott Wave View: Amazon (AMZN) Rallying in a Double ZigzagShort term Elliott Wave view on Amazon (AMZN) suggests the decline to $123.66 ended wave ((A)). Wave ((B)) rally is in progress with internal subdivision as a double three Elliott Wave structure. Up from wave ((A)) low at $123.66, wave A ended at $128.50 and pullback in wave B ended at $127.18. Final leg higher wave C ended at $131.38 which completed wave (W). The stock then pullback in wave (X) with internal subdivision as a zigzag.
Down from wave (W), wave A ended at $126.39 and rally in wave B ended at $128.98. Wave C lower ended at $124.74 which completed wave (X). Wave (Y) higher is in progress with internal subdivision as a zigzag structure. Up from wave (X), wave A ended at $130.28 and pullback in wave B ended at $127.10. Stock should now continue higher within wave C of (Y) to complete the double three rally from 9.1.2022 low. Potential target higher is 100% – 161.8% Fibonacci extension from 9.1.2022 low which comes at $132.47 – $137.26. Near term, as far as pivot at 123.66 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
Amazon tests the resistance levelThe full-fledged uptrend left for correction and testing of the broken resistance at $125. After testing, the trend is likely to continue. With a 10% position volume and a stop bid at $121.50, the risk on the portfolio will be 0.5%. The profit/risk ratio is 3.74.
Amazon's Q2 2022 profits fell, but company executives gave an optimistic outlook for the cloud technology business.
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