AMAZON BUY SETUP UPDATEFrom my last post, price entered our demand zone and is reacting by giving a strong push on the 4hr Longby TradersLair3
AMZN BUY ANALYSIS FALLING WEDGE PATTERNHere on Amzn price form a falling wedge pattern and now try to rise so there is chance of going up as the line 185.25 has broken so going for LONG is needed and the targeting profit should be around 188.66 and 191.50 . Use money managementLongby FrankFx14Updated 7
The 3 Steps To Risk Managment Using The Rocket Booster Strategy.The rocket booster strategy is something i have been practising since I started trade journals here on Tradingview. It took me about about 48 hours and 48 days of studying to master this strategy in my brain it's very simple but do not underestimate its power I want to show you risk management. On this chart is the rocket booster strategy But there is a difference. On the chart, I have shown you a buy-limit order and a take-profit order. Here are the 3 steps to risk management and profit-taking using the rocket booster strategy for this stock NASDAQ:AMZN : #1-Place a buy limit order on the 50 EMA or near it. #2-Place a take profit order on the resistance level measured by the Bollinger bands. #3-Do not overleverage your position- Use margin but not too much! Now that you know I encourage you to read this article at least 33 times to master this strategy. Rocket boost this post to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not. Please learn risk management and profit-taking strategies.Longby lubosi3
AMZN Support TestAMZN quickly sold off after a brief move up above 190 and near ATH. It had a nice ascending wedge break as well. It's currently in a range from about 190-183, we also have an uptrend support line just below that started back at the August lows. We could see a big flush below 183 if it breaks and also falls below the uptrend from August. First target for me would be somewhere in the 175-170 area. I like the support around 175 and there's also a gap fill around 172. If it holds above 183 and maintains the uptrend from August, first upside target would be supply near 188 and then 190 again.Shortby AdvancedPlays3
AMZN PUTSAmazon (AMZN) recently broke down from an uptrend wedge pattern, signaling a potential shift in momentum. The latest earnings report revealed disappointing revenue growth, rising operational costs, and a slowdown in AWS, raising concerns about future profitability. $160 area target. The strikes in Iran and among port workers could hit Amazon pretty hard. If ports get backed up, it could slow down shipping and lead to inventory shortages, making it tough to keep products in stock. Plus, if shipping costs go up, that could eat into profits. With all this chaos, consumer confidence might drop too, which isn’t great for sales. Overall, these disruptions could really hurt Amazon's bottom line in the near future.Shortby SPYDERMARKET554
Amazon $AMZN - Next leg up??There is a 3 day time at mode bullish trend thathas just been triggered and is set to expire on Oct 7. Ideal re-entry upon a retrace toward mid $170's or upon a bullish break above $190. Weekly timeframe had a massive bullish engulfing bar on last week's close which adds confluence. Longby ZelfTradeUpdated 7
This is the hallmark of the 13 EMA SystemYesterday were heavy winds in town...a sign of the rainy season about to start soon. I bought some sweet milk This time I had no crackers because I had eaten some bread earlier that day. - When you look at this chart NASDAQ:AMZN I want you to notice the following -The price is below the 13 EMA This is the hallmark of the 13 EMA System 👉To learn more rocket 🚀boost this content ⚠️Disclaimer:Trading is risky please learn risk management and profit taking strategies. Longby lubosi2
AMZN - PUTSAmazon (AMZN) recently broke down from an uptrend wedge pattern, signaling a potential shift in momentum. The latest earnings report revealed disappointing revenue growth, rising operational costs, and a slowdown in AWS, raising concerns about future profitability. $160 area target.Shortby SPYDERMARKET0
AMZN, short, Entry: 185.32, Stop: 186.38, Timeframe: 4h**Trade Type:** short **Ticker:** AMZN **Entry Price:** 185.32 **Stop Loss:** 186.38 **Take Profit 1:** 184.42 **Take Profit 2:** 183.47 **Risk/Reward Ratio:** **Timeframe:** 4hShortby shayy1102
AMZN: Will Port Strike Affect AMZN? No bias, just based on TA Current Price Action AMZN is currently in a downtrend, forming lower highs and lower lows, indicated by the descending channel on the chart. Price is consolidating around $185.67, which suggests the potential for either a short-term bounce or continued bearish momentum. Support and Resistance Levels Resistance Levels: $189.55 - $190.16: This zone has been a significant resistance area where previous attempts to break higher were rejected. If the price rises, watch for resistance at this zone. $194.85 - $195.37: Should AMZN see a strong bounce, this area would be the next target, which also aligns with previous peaks. Support Levels: $185.67 - $184.66: Immediate support zone, where the price is currently hovering. A break below this level could signal further downside. $180.00: This is a psychological and technical support level that could attract buyers if AMZN continues to slide. Entry and Exit Points Bullish Entry: If the price manages to break above $190.16 with solid momentum, this could indicate a reversal of the current downtrend, offering a long entry opportunity. Look for confirmation with increased volume. A possible target for this bullish move would be the resistance at $195.37. Bearish Entry: A failure to break above $189.55 and a subsequent rejection or breakdown below $185.67 would present a potential shorting opportunity. The next target would be $184.66 and possibly $180. Exit Points: Bullish Exits: Around $190.16, or $195.37 if there’s strong momentum. Bearish Exits: Targets would be $184.66 or further down at $180. Suggested Direction for Tomorrow Bearish Bias: Given the current downward channel and lack of strong bullish indicators, the bias seems to be bearish. If AMZN fails to break through the $189.55 - $190.16 resistance zone, the downtrend is likely to continue. Bullish Case: If there’s a bounce and AMZN can break above $190.16 with strong volume, it may signal the start of a reversal, targeting the $194.85 level.by BullBearInsights0
Amazon may have a minor correction before the 260 & 300 targetsWeekly chart, the stock NASDAQ:AMZN is trading in a rising expanding wedge, and the path should be hitting the resistance line R at around 230 after a little correction to around 170 Trading above 230 for 2 weeks will drive the price to 260 then 300 Note: As the current price is far from the support level (line S), a suitable stop loss level should be considered and monitored. by snour8
AMAZON buy set upIts on a daily uptrend. Theres a BOS on the 4hr/ Waiting for a retest for a continuationLongby TradersLair3
$AMZN: Fast Rebounds Reveal Fundamental Support LevelThe new technologies that Amazon is embracing, including robots/robotics, and a brilliant CEO keep this huge company moving forward. The HFT-driven gap down in August was massive but the rebound was fast. This isn't the first time the stock has moved right back up to its prior quarter's fundamental support range, aka Dark Pool Buy Zone. Now, NASDAQ:AMZN is slightly above that range to challenge the July high. A stock to watch ahead of its earnings report October 24th. by MarthaStokesCMT-TechniTrader113
AMZN may form a wedge on the daily chart.NASDAQ:AMZN reclaimed the daily 50 SMA last week and is trading into the August high supply. If it gets rejected in this area, a retest of the lower trendline would correspond to the daily 50 SMA, and other converging demand zones including the .618 retracement level from the all-time high to the August low. If demand is held in this area, it may be a good long entry point ahead of the wedge breakout. Alternatively, if price builds above the August high, it is likely to retest the all-time high. Longby DMT_DoctorUpdated 8
AMAZON - POTENTIAL BULLISH TRENDTrend bullish on 1H and 4H Bearish divergence on three previous HH but it's still making a series of HHs and HLs. Also, it doesn't have a bearish divergence on the most recent HH. Therefore, I feel it's going to continue the trend and I'll buy it once it breaks the previous HH. Entry - Buy Stop - 196.00 Stop Loss - 189.00 TP1 - 203 TP2 - 210 No leverage tradeLongby mhmd_aleee6
How to Trade with the Island Reversal PatternHow to Trade with the Island Reversal Pattern Price action analysis serves as a pivotal methodology in financial markets, offering a means to assess and determine the future price movements of various assets, including stocks, currencies, and commodities. Among the many tools employed within this method, the Island Reversal pattern stands out as a significant indicator of potential trend reversals. What Is an Island Reversal Pattern? The Island Reversal is a technical analysis pattern that signals a potential trend reversal. It typically occurs after a strong uptrend or downtrend and is characterised by a gap in price action, isolating a group of candlesticks. The pattern suggests a shift in market sentiment, indicating that the previous trend may be losing momentum. How to Spot an Island Reversal in the Chart To identify the setup, traders pay close attention to the following characteristics, which can manifest in both bullish and bearish market conditions: Strong Trend: - Bullish: This pattern often materialises after a prolonged downtrend. It signifies a potential price change to the upside. - Bearish: Conversely, in a bullish market, the pattern emerges following a sustained uptrend, suggesting a possible change in a trend to the downside. Gap in Island Reversal: - Bottom Island Reversal: In a bullish context, there is a gap down, creating an "island" of isolated candlesticks, indicating a shift from bearish sentiment to potential bullish momentum. - Top Island Reversal: For a bearish reversal, there is a gap up, isolating a group of candlesticks, signalling a transition from bullish to potentially bearish market sentiment. Isolation: - Bullish Island Reversal: The gap is created by an upward movement that is isolated from the surrounding price action, forming the characteristic island formation. - Bearish Island Reversal: In a bearish context, the gap is formed by a downward movement that does not overlap with the previous, creating a distinctive island formation. How to Trade the Island Reversal Traders employing the setup adhere to a systematic strategy for identifying and capitalising on a potential change in a trend. Patiently awaiting confirmation of the reversal through subsequent price action, traders enter the market upon the break of isolation, where the price decisively moves below (for a bearish scenario) or above (for a bullish scenario) the isolated island. Profit targets may be set by considering key support and resistance levels to potentially enhance precision. The placement of stop-loss orders just above or below the pattern is a critical risk management component. Traders carefully assess the risk-reward ratio to align potential profits with associated risks. This holistic approach reflects a commitment to disciplined decision-making, combining technical analysis and prudent risk management in navigating the complexities of financial markets. Live Market Example The TickTrader chart by FXOpen below shows a bearish setup. The trader takes the short at the opening of the new candle below the Island. Their stop loss is above the setup with a take profit at the next support level. The Bottom Line Although the Island Reversal is a popular technical analysis tool, it's crucial to wait for confirmation and consider other technical indicators to potentially increase the probability of an effective trade. As with any trading strategy, risk management is key to mitigating potential losses. Always adapt your approach based on the specific conditions of the market and use the pattern as one of several tools in your trading arsenal. To develop your expertise, open an FXOpen account to trade in numerous markets with exciting trading conditions. FAQs Why Is Risk Management Important When Trading the Island Reversal? The pattern is considered a strong signal of a change in the price direction, but like all technical patterns, it is not infallible. There is always a risk that the pattern may fail to lead to the expected price movement. Effective risk management helps limit losses in case the trade doesn't play out as anticipated. Should Traders Solely Rely on the Island Reversal for Trading Decisions? No, traders always wait for confirmation and incorporate other technical indicators to potentially enhance the probability of an effective trade. The pattern should be regarded as just one of several tools in a trader's toolkit. Is There a Platform Where Traders Can Apply Their Knowledge of the Pattern in Live Markets? Yes, traders can explore FXOpen’s free TickTrader trading platform to trade in over 600 markets and apply their understanding of the pattern in practical trading scenarios. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Educationby FXOpen4440
AMAZON STRONG BREAKOUT|LONG| ✅AMAZON is trading in an Uptrend and the stock broke The key horizontal level Of 190.96$ so we are Bullish biased and after a Local pullback we will be Expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx117
Amazon - Buying Pullbacks & Cyclical High Expected SoonHere is what I am watching on Amazon. -We need to be aware that there is bearish divergence setting up on the quarterly, monthly & weekly charts. HOWEVER, this divergence is not yet confirmed, and is therefore not actionable trade intel at the present moment. We need to monitor these divergences, because if they confirm, they imply significant price moves in Amazon share price. -MAC strategy for the Quarterly, Monthly & Weekly charts remain bullish. Any pullbacks into the bottom of the MAC are BUY opportunities. I do not blindly buy the bottom of the channels, but utilize lower timeframe entry techniques at these levels to trigger into a position. We are still BULLISH Amazon. -Cycles suggest that Amazon could put in a cyclical high any time between now and October 10th, before putting in a major cyclical low at the end of October. I would like to see this play out to provide us with nice buy opportunities at the bottom of the MAC's.Long08:25by Tradius_Trades5
$NFLX $AMZN $IBM $IWM $NFLX - option watchlistOPTIONS WATCHLIST 9/22/24 NASDAQ:AMZN - Stock making a bull flag on a daily time frame. Looking for a break towards new highs. Calls above $192 should do. Stock is strong on indicators with a big volume candle on friday. NASDAQ:COST - Stock to benefit from rate cut. Stock bouncing off trendline support. Next resistance at $930. Calls above $910 for a move towards $930. Stock has earnings on thursday could be a good pre earnings play. NYSE:IBM - Stock is consolidating around all time highs. Needs to break $220 for more highs. Stock is overbought on multiple time frames on RSI. could see pull back if $212 fails. Outs below that level. AMEX:IWM - ETF failing another retest of $225 resistance level. Looking for a breakout above that level. Stock is strong on a daily and weekly time frame. On high watch.” NASDAQ:NFLX - stock again failing to hold $705 level. Making that U -shape on a daily time frame. Looking for calls above $705 with some resistance at $708 then $720. If it fails to hold $695 then puts. Stock is decent on indicators by TheStockTraderHub0
AMAZON bull run started?According to my view Amazon is ready to continue with the trend,however alot of traders are trying by all means to goo against the trend,I never goo against the trend unless I see a clear change of direction,all stocks that I shared this year are 100% accurate don't goo against the trend because you know how to draw graph n just decided to draw any how make sure your thing match n following the valid trend don't fold,although people's love challenges they always want to test things don't be part of 90% be part of 10%.Longby mulaudzimpho2
AMZN: Buy ideaBuy idea on AMZN as you can see on the chart if only if we have the breakout with force the vwap and the resistance line by a big green candle.Longby PAZINI192
AMZN is on accumulation phaseReady for bull run but just wait for Interest rate hike. It's quite positive on bull runLongby JobZZ2
AMAZON SHORT FROM RESISTANCE| ✅AMAZON is set to retest a Strong resistance level above at 191.75$ After trading in a local uptrend for some time Which makes a bearish pullback a likely scenario With the target being a local support below at 184.00$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx111