AMZN - From A to Z Analysis ✈️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis (attached on the chart), we were looking for buy setups short-term as AMZN was sitting around a strong support.

AMZN rejected the 80.0 support and traded higher. However, we are still overall bearish trading inside the falling channel in blue.

🏹 For the bulls to take over long-term, we need a break above the upper blue trendline and blue zone 110.0

📉 Meanwhile, the bears can still push lower for a higher low. In this case, as we approach the 80.0 again we will be looking for new short-term buy setups.

Which scenario do you think will happen first? and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich