Amazon scalping + forecast (2-19)🔥 Market Overview:
Trend: Short-term bearish; long-term consolidation after an uptrend.
Key Levels:
Resistance: $230.46 (EMA 200), $232.50.
Support: $225.50 (EMA 9), $223.00.
Indicators:
MACD: Weak bullish crossover, but still below zero—momentum is not strong.
RSI: 56.46, showing slight bullish divergence.
Supertrend: Bearish zone, confirming downward momentum.
🔥 Scalping Strategy:
🩸 1. Breakout Scalping
Buy near: $226.50, targeting $229.00.
Sell near: $230.00, targeting $225.00.
Stop-loss: Below $224.50.
🩸 2. EMA Pullback Scalping
Buy near: $225.50 (EMA 9), targeting $228.50.
Sell near: $230.50 (EMA 200), targeting $227.00.
Stop-loss: Below $224.00.
🩸 3. Range Scalping
If price stays between $225.50 and $230.00, trade bounces off support/resistance.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If $230.50 breaks, expect a run toward $235+.
If $225.50 fails, expect a drop to $220.
Sideways movement likely unless a strong breakout occurs.
🔥 News & Market Context:
No major earnings or macro events—price action is technical.
Overall market sentiment remains neutral-to-bearish.
🔥 Decision:
🩸 Short-term: Scalping opportunities exist in the $225–$230 range.
🩸 Mid-term: Watch for a breakout confirmation.
🩸 Ideal Play: Trade within the range; wait for strong confirmation for a swing move.
👑 Final Verdict:
Discipline wins the game. Weak traders chase, strong traders position. If the price confirms direction, enter with confidence—otherwise, patience is power.
🔥 LucanInvestor’s :
"Markets don’t reward hesitation. Make your move or step aside—there is no middle ground."
