Amazon stock break out pattern Amazon stock is now ready to break out after a strong consolidation pattern.
AMZ trade ideas
AmznNice move incoming in the next week or 2.
Rising wedge setup here but looking inside the wedge and there range trade or (Flag setup) the range is 172-180
The 20sma has now move up to add support to the trendline around 175-176.. if Amzn breaks 175 then 172 is incoming. I dont think 172 will give way unless something very negative for amzn happens or overall market correction.
Im leaning long here to ATH or 188..
Entry:
A close above 180
Or
A retest of 20sma around 175-176..
Afterwards is expect a correction back to support or trendline around 160
AMZN Oversold - Initial LongCouple points to consider
1) RSI
2) Bullish divergence as drawn
3) Price below BB (In general price tends to print inside Bollinger Bands, usually a move below/above them will almost immediately result in the opposite move)
4) 5 oscillators flashing bullish on 3D chart
For me an easy 20-30% profit long trade. Too bad I can't be arsed to open a trading account on a broker.
$AMZN CyclesNASDAQ:AMZN Cycle
Daily - Printed DCL and now showing negative divergence indicating the weekly cycle should start declining soon.
Weekly - On week 21 and looking for a decline down to the weekly HCL (bar 28)
Monthly - still early on the monthly.
3 Tips to Improve Your TimingTiming is everything in trading. The ability to enter and exit positions at the right moment can significantly impact your profitability.
Here are three simple tips to help you enhance your timing and make better trading decisions:
1. Lower Your Execution Timeframe
Lowering your trading timeframe can provide more precise insights into short-term market dynamics.
Example: Combining Breakouts
Maybe your trading strategy is buying breakouts from flag patterns on the daily candle chart that align with long-term uptrends.
The best breakout trades occur simultaneously across multiple timeframes and achieve high levels of participation. Lowering your execution time frame to the 1hr candle chart can potentially help you to achieve a more precise entry.
Flag Breakout Daily Candle Chart: Amazon (AMZN)
Past performance is not a reliable indicator of future results
Flag Breakout Hourly Candle Chart: Amazon (AMZN)
Past performance is not a reliable indicator of future results
Example: Timing Pullbacks
Maybe your trading strategy is buying pullbacks on the hourly candle chart.
A pullback on a higher timeframe is a downtrend on a lower timeframe. Traders can add precision to timing their pullbacks by looking for trend reversal patterns on lower timeframes that align with the higher timeframe trend.
In the below example, a trader who buys pullbacks to the 20 – 50 period moving averages on the hourly candle chart could use trend reversal patterns on the 5min candle chart to precisely time their entry.
Timing Pullbacks Hourly Candle Chart: GBP/USD
Past performance is not a reliable indicator of future results
5min Candle Chart Adds Precision: GBP/USD
Past performance is not a reliable indicator of future results
2. Use Pre-Alerts
If you’ve been trading for a while, chances are you’re already utilising the valuable tool that is price alerts – ensuring you will be notified when a price hits a certain level.
However, if you’re a momentum trader and setting price alerts at breakout levels, you may want to rethink where you’re placing your price alerts.
The best breakouts are powerful, high-volume events where price is moving quickly. Placing an alert at the breakout level can make trading the breakout rushed and stressful – making for suboptimal timing.
Pre-alerts are price alerts set at levels that prior to the breakout occurring. When used properly they have the potential to bring a number of benefits:
Depth and Detail: Pre-alerts help you observe the breakout in real time. This can provide more detail about the breakouts conviction than if you’re only monitoring the market post breakout.
Reduced Stress: A pre-alert ensures you are prepared and focused on execution prior to the breakout. This will reduce stress levels which should ultimately help you to make better decisions.
Faster Execution: If you’re ready and at your desk prior to the breakout occurring, you stand a better chance of achieving a better entry price.
3. Combine Technical and Fundamental Catalysts
Integrating technical analysis with fundamental catalysts can enhance your timing and decision-making process.
Here are some practical strategies for combining catalysts effectively:
Stay Informed: Stay updated on relevant market news, economic data releases, and corporate earnings announcements that may impact the markets you trade. Utilise financial news websites, economic calendars, and real-time news feeds to stay informed about upcoming events and their potential implications on market dynamics.
Validate Technical Signals: Confirm technical setups with supporting fundamental factors. For example, if you identify a bullish chart pattern, look for positive news or fundamental developments that align with the pattern's bullish bias.
Be Selective: Prioritise quality over quantity when selecting news events to incorporate into your trading analysis. By focusing on impactful catalysts, you can streamline your analysis process and allocate your resources more effectively to capitalise on the most promising trading opportunities.
For more information on the power of combining technical and fundamental catalysts, check out our two-part Trade The News series (link at the bottom of the page).
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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Amazon Pair : Amazon AMZN
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Rising Wedge in Long Time Frame
CHoCH
Amazon (AMZN) Looking for 7 Swing CorrectionShort Term Elliott Wave view in Amazon (AMZN) suggests that wave 4 is in progress as double three Elliott Wave structure. Rally to 180.14. Down from there, wave a ended at 176 and rally in wave b ended at 177.08. The stock then resumed lower in wave c towards 173.3 which completed wave (w) in higher degree. Up from there, wave (x) unfolded as a flat structure. Up from wave (w), wave a ended at 176.46 and wave b ended at 172.06. Wave c higher ended at 178.79 which completed wave (x). The stock then turned lower in wave (y) with internal subdivision as a zigzag structure.
Down from wave (x), wave a ended at 174.33 and wave b ended at 175.93. Wave c lower ended at 171.47 which completed wave (y) of ((w)). Stock then bounced higher in wave ((x)) as another double three in lesser degree. Up from wave ((w)), wave (w) ended at 176.76 and wave (x) ended at 174.88. Wave (y) higher ended at 179.52 which completed wave ((x)). Stock then turned lower in wave ((y)). Down from wave ((x)), wave (a) ended at 173.9 and wave (b) ended at 176.69. Expect the stock to extend lower in wave (c) of ((y)) to complete wave 4. Potential target lower is 100% – 161.8% Fibonacci extension of wave ((w)). This area comes at 165.54 – 170.88 where buyers can appear. Near term, as far as pivot at 179.52 high stays intact, stock has scope to extend lower.
AMZN's Cup and Handle forecasts bullish continuation LONGMZN on a daily chart is in the continuation phase of a cup and handle patter which started In
August 2022. Of the Magnificent 7, it has performed better than the rest with the exception of
NVDA. The cup and handle pattern suggests continuation to the price level of $ 200 which is
similar to the all-time high with 5- 8% added for inflation ( July and November 2021 in the
range of 187 ). On the reliability of a cup and handle pattern and that of a daily chart
compared with a lower time frame I will take long positions in AMZN in both AMZU EFT shares
and long dated call options for AMZN more or less ITM at $ 175.
Amazon's Zoox Robotaxis Accelerate Towards Autonomous FutureIn the race towards autonomous driving supremacy, Amazon's self-driving car unit, Zoox, is making significant strides to enhance its capabilities and expand its testing footprint. With plans to drive faster, farther, and even at night in Las Vegas, Zoox is positioning itself to compete with rivals like Waymo and General Motors' Cruise. These developments underscore the relentless pursuit of innovation in the realm of self-driving technology and the quest to redefine transportation as we know it.
Zoox's Ambitious Expansion:
Announced recently, Zoox's expansion plans in California and Nevada signal a bold step forward in its quest for autonomy. The company aims to increase the testing parameters for its fleet of uniquely designed vehicles, allowing them to operate at higher speeds of up to 45 miles per hour. Additionally, Zoox is extending its testing territory in Las Vegas to five miles, exposing its robotaxis to more diverse and challenging driving conditions than ever before.
Embracing Nighttime Driving and Adverse Weather:
In a bid to gather comprehensive data and enhance the robustness of its autonomous systems, Zoox is venturing into nighttime driving and light rain conditions. This strategic move underscores the company's commitment to addressing real-world challenges and fine-tuning its technology to operate seamlessly in various environmental scenarios.
The Pursuit of Full Autonomy:
Like its competitors, Zoox aspires to achieve full autonomy, envisioning a future where human drivers are replaced by self-driving vehicles. While the timeline for this transition remains uncertain, the advancements made by Zoox in expanding testing capabilities and refining its technology bring this vision closer to reality.
Navigating Regulatory Challenges:
While the promise of autonomous driving is tantalizing, regulatory hurdles remain a significant barrier to widespread adoption. The halting of testing by General Motors' Cruise following regulatory scrutiny serves as a stark reminder of the challenges inherent in navigating the regulatory landscape. Nevertheless, companies like Zoox are undeterred, pressing forward with their innovation agenda while ensuring compliance with regulatory requirements.
Amazon's Strategic Acquisition:
Amazon's acquisition of Zoox in 2020 for over $1 billion sparked speculation about the tech giant's intentions, including the possibility of using the autonomous vehicles for delivery purposes. While Zoox has yet to unveil its long-term plans beyond robotaxis, the acquisition underscores Amazon's strategic vision and its commitment to revolutionizing the future of transportation.
Conclusion:
As Zoox accelerates towards a future of autonomy, the trajectory of self-driving technology continues to evolve rapidly. With each milestone achieved and every challenge overcome, companies like Zoox are edging closer to realizing the transformative potential of autonomous driving. As the world eagerly anticipates the dawn of a new era in transportation, one thing is clear: the journey towards autonomy is fraught with challenges and opportunities, but the destination promises a future of safer, more efficient, and truly revolutionary transportation.
AMZN primed to break 52 week high of 180.25Perfect bounce off of VWAP, 21 day EMA, and trendline. Bounce off of fib golden pocket. ATR trailing stop for entries is bullish.
Amazon - Break And RetestHello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
In 2020 Amazon created a beautiful triangle breakout which was followed by a +75% rally and then a -50% correction. After the correction was over, Amazon perfectly retested a confluence of support and reversed aggressively towards the upside. Considering that Amazon just rallied 100%, I am now just waiting for a retest of the structure mentioned in the analysis.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
AMAZONPair : Amazon AMZN
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
RSI - Divergence
Break of Structure
Bearish Channel in Short Time Frame and Rejection from Lower Trend Line
Completed " 123 " Impulsive Waves
Maybe this Cup and handle has potential?Nothing to add but we have a good opportunity in AMZN stock to make a good amount of money only by finding this pattern
Bullish on AMAZONAmazon ready to print some dollars for the bulls
NASDAQ:AMZN has crossed over and retested the $147 resistance turned support price.
We are in an uptrend and have a strong bullish momentum.
Position Set - 2 ITM contracts XETR:AMZ 3/4/2024 Call $145
AMZN - 1H - RISING WEDGE - SHORT ENTRYIn this chart we have observe a RISING WEDGE and we expectation it will go down after a certain level which is defined in the chart.
No Divergence Spotted
AMAZON: Short From Multi-Swing High ResistanceThe price is rising towards a multi-swing high resistance zone which also aligns with the 100% fib projection
I think a rejection from this level could lead the price fall towards the support level which is also a pullback support.
✅AMAZON SWING SHORT FROM SUPPLY AREA🔥
✅AMAZON is going up now
But a strong resistance level is ahead at 188.09
Thus I am expecting a pullback
And a move down towards the target at 167.44
SHORT🔥
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AMAZON Resistance Ahead! Sell!
Hello,Traders!
AMAZON is trading in an
Uptrend but is locally
Oversold and as the
Stock will soon retest
A horizontal resistance of 188.31$
It is likely that we will see
A local bearish correction
Sell!
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Check out other forecasts below too!
AMZN Amazon will Break All Time Highs this DecadeA sure bet. 100%. Refinance your house. Sell your business. Put it all into AMZN and double yous money in a couple years as Amazon's economic moat continues to widen.
If it doesn't happen forget I said anything.
AMZN $192 target Per IHS breakout + ensuing consolidation. Straightforward pattern breakout. Selling put spreads.
Amazon's Earnings Skyrocket: Long Opportunity Ahead
Title:
Amazon's Earnings Skyrocket: Long Opportunity Ahead
Overview:
Hello Traders,
Amazon's recent earnings report has sent its stock soaring, presenting a lucrative long opportunity for investors.
NASDAQ:AMZN
Key Points:
- Amazon's Forward P/E ratio stands at an impressive 43.5, indicating strong growth potential and market confidence.
- The earnings estimate for the current fiscal year is $4.06 per share, reflecting robust performance and profitability.
- Next fiscal year's earnings estimate is projected to increase to $5.30 per share, suggesting continued growth and expansion for Amazon.
Technical Analysis:
The earnings surge has propelled Amazon's stock price upwards, with bullish momentum indicating a favorable outlook for further gains. Technical indicators support the bullish sentiment, highlighting a potential long opportunity for traders.
Conclusion:
With Amazon's earnings skyrocketing and positive forward projections, traders may consider a long position to capitalize on the upward momentum. It's essential to conduct thorough research and implement risk management strategies to optimize returns and mitigate potential losses.
Don't Forget to Engage:
Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you found this idea compelling! Your engagement helps foster discussion and broaden the reach of valuable insights.
Trading based on this analysis carries inherent risks. Conduct your own research and consult with a financial advisor before making any investment decisions.
Happy trading!
AMZN Joins the Dow at an Unusual PhaseThis hugely influential company should have been on the Dow 10 years ago. Listing as a component of the Dow Jones Industrial Average usually occurs when a company is about to enter a Market Saturation to Market Decline Phase. However, such is not the case with $NASDAQ:AMZN. It's quite the opposite.
Its fairly new CEO, who was the CEO of AWS, the division of AMZN known for its powerful and totally dominant PaaS cloud technology, has extensive experience in exactly what AMZN needs right now: front running new technologies and driving more new technologies to market introduction faster.
The challenge to be #1 in the use of Integrated Artificial Intelligence and other new technologies in the realm of Cloud Technology is on. Who will win depends on the CEO. Never underestimate the importance of the right CEO for the current market conditions.
The chart of AMZN stock implies a consolidation or platform may develop during the month and a half between earnings seasons. These patterns tend to form due to value-oriented quiet accumulation by the largest institutions while the rest of the market pulls back from buying or sells.
