Amazon is showing a very nice VCP (volatility contraction pattern) with decreased volume and has just turned a pivot. It is still in a buyable position. This is very similar to TSLA about 1 month ago.
NASDAQ:AMZN
NASDAQ:TSLA
A nice volatile contraction pattern tightening of the price with contracting volume. I don't use fancy indicators, just the price and volume tells you the WHOLE story.
While we can't guarantee that this will break out, it is forming an excellent trade opportunity.
