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β
ANALYSIS π
- AMZN is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend β¬οΈ: breakout above the symmetrical triangle's inclined resistance.
- Downtrend β¬οΈ: breakdown below the symmetrical triangle's inclined support.
TARGETS π―
- Uptrend β¬οΈ: Horizontal resistance levels (R1), fibonacci extension levels.
- Downtrend β¬οΈ: Horizontal support levels (S1, S2, S3).