AMZN trending with strong bullish trends.Amazon presents strong bullish patterns with the medium volume that is expected to raise with Q1 announcement. A risk tolerance trader target at 3914$ reachable. Short term target at 3087$
Amznlong
AMZNA game plan with patience helps with consistency! This still is playing out nicely and following my initial thoughts of seeing a 5 wave move down for an overall corrective wave 4 (blue “iv”) of the overall up move.
Looking like today is a corrective wave (4) within leg c down of this pattern. Again, I don’t like trading retrace waves, as you can see the market can toss you around pretty good and if doing options, say bye-bye to premium (another reason why I trade further out in time).
Still sticking to this game plan. I think we can still see a wave (5) down to the bigger demand zone around 2250. The primary demand zone, in green, is a gap fill zone but I’m not sure we will go that far as aligning with the fib levels, the 2250 area coincides right with the lesser degree wave 4 (#4 circled in white). With wave theory, corrections tend to retrace to a lesser degree wave 4. That aligns with fib retrace between .236 and .382 and ADDITIONALLY aligns with length of C down equal to 1x to 1.272x the length of A (yellow fib lines).
Game Plan: should see micro a - b - c wave for white wave (4). From there, I’ll watch to see if it drops for wave (5). From there, will look for price action (the 1 - 2 wave out) to start for wave “v” up (in blue).
.... please let me know if these are too long or if they are helpful! And feel free to ask or send me a message about anything, even if you completely disagree! Collaboration is always good!
AMZNThis is playing out pretty nice. We saw first down to demand and saw a bounce back up to the 786 retrace making a lower high (some confirmation of being in corrective phase). Now if that was wave (b), we should see 5 waves down for (c). Overall, a typical wave iii retrace is between .236 and .382 (my blue fib lines). These happen to be in somewhat good alignment with a typical a - b - c projection with c ending between 1x to 1.272x wave a. To add more alignment, we can see there are two good demand zones where all of these projections come together!
I don’t like to trade retrace, but if you want to do a small risk I would look to enter a short as it looks like we are creating a wave 1 - 2 down. For me, I’ll be watching for completion of wave c down, specifically will look for a 1 - 2 wave base to build coming out of a demand zone indicating the beginning of a 5 wave impulse up for overall wave “v”.
AMZNSomeone asked for a quick AMZN review so here’s a quick one.
Think we put in Wave iii up — lines up with 1.618 extension pretty well per my count. Based on my count, wave ii was a shallow retrace so ultimately I would really prefer to see a wave iv retrace go to at least 50%. The boxes in grey can represent some potential bounce zones to help establish the a - b - c wave down count. I don’t trade retrace waves, rather I follow along and watch price action as it enters respective fib Retracement levels. It’s the impulse wave up that you want to trade and use the retraces as confirmation.
So at .236; .382; or .5 levels, I’ll watch price action, SPECIFICALLY will be looking for a wave 1 - 2 to establish as wave “v” will be in 5 waves. This is where I wait. Watch price enter demand with some fib alignment, have a bounce out and then look for a healthy retrace with a higher low, indicating my 1 - 2 setup!
4.17.2020 AMZN Strong bearish divergence all the way to Monthly Amazon super strong right now, maybe overbought?
We all know sales are up, but are they up 12% from high in Feb 10th?
Might see some pullback before further upside.
-NFA
AMZNTook an entry around 2038 and rode wave 3 of (3) up. Ending right in supply zone so exited my longs. Will look for a retrace for wave 4 of (3) for next price target!
AMZN Rising Wedge ~ BearishAmazon has formed a bearish rising wedge
I have included some fib spirals predicting tops and .236 as a possible bottom
Looks good for a short!
Learnt impulsive and responsive waves from Kinnari_Prajapati, thankyou.
AMZNLiking amazon here to watch for an entry long. Lot of buying / volume right into a supply zone but it held up today and didn’t reject. Possible small retrace to demand right below but if it can hold here I will be looking for an entry to get long.
I think if it can get over 2030/2040 this can rifle right up to 2100.
AMZN technicaly based forecast
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💡 AMZN technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formed, technicaly picture good, expecting to see push in price till FIBO 0.7 possible and break of 0.7 FIBO
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All best, good luck!
AMZN working hard or hardly working?AMZN has proven itself to has bullish features, but is that momentum slowing down? MA's indicate so, for now, momentum can be seen to be slower than the normal rapid bullish movements that are seen. This momentum will resume once MA's decide on a direction whether it be upwards and continuation of this very weak upward trend or breakdown to begin a new respectable move upward. I would either go long on this or short it.
AMZN Bullish trade Setup Look to establish longs on AMZN as this stock is holding up really well despite the market crash
[AMZN:NASDAQ] [March 18 2020] Market analysisHi guys, this is my Market Analysis about AMZN:NASDAQ market.
AMZN Bullish comeback Bearish gold market last week at same Time that media has been talking about the major drop in stock market, something is telling me investors might be coming in to buy big again for a lot of stocks, might also see more downside for gold.
TP and SL have been marked on chart.
The Time to Accumulate and Buy Great Companies is Here
After witnessing the largest drop in S&P 500 in a week since the global financial crisis in 2008, we have seen the prices of many fundamentally good companies tumbling from being overbought such as AMZN. Thus, with AMZN prices falling to its support at 1850 as well as being supported by its long-term trendline, we can expect prices rising back to 2030 then to its all-time high. This provides an excellent for both short-term traders and long term investors to ride a potential rebound to the upside.
AMZN long update Amazon broke my earlier patter as I expected but the market had a huge sell-off today. My chart is showing a great squeeze set up. I think the bulls will buy the dip.
AMZN Pennant PatternSame Author- Different Account
AMZN forming a lovely pennant pattern. Respecting upper and lower bounds of support and resistance. This goes higher. The UpTrend continues. NASDAQ:AMZN
AMZN Long, awaiting large up move Today's big move was met with a lot of choppiness, a lot of firms taking profits, not allowing the stock to move up as much. Showing a pattern of chop before a big move. Still targeting 2200 by the end of the week.
AMZN Breakout Confirmed. Charts below. Same Author, Different Account
Amazon has officially broken out of Symmetrical triangle dating back from 2018. Looking for a move to 2700 over the oncoming months. Definitely taking profits along the way. NASDAQ:AMZN
You can catch the bounce in smaller time frame Price may pullback up to this level where there is a previous support. You can catch the bounce in the smaller time frame like 30Mints.
