190 Target The AD is showing an Ascending Triangle, buy the dips
AMZN wants to retest the supply zone, and this is confirmed by the AD showing an Ascending Triangle pattern to $190, which Is spot on near the previous supply zone
코멘트:
1st supply zone to be attacked is 150, dont be confused by the Yellow Box. Thats accumulation, if you look closer thats an inverse head and shoulders pattern. Price action would have to gap up ... buy the dips and i'll break this down more
코멘트:
코멘트:
you should be able to see the inverse head and shoulders pattern, now inside this is the base to the cup and handle pattern
코멘트:
look how they hid this in plain sight
코멘트:
1st lets worry about 125
코멘트:
and this my friend is how you forecast w/ money flow... this whole inverse head and shoulders movement is the head to the larger inverse head and shoulders pattern
코멘트:
105 is breakout level
코멘트:
prev. resistances now support
코멘트:
Long term $190 target still the goal. Profit takers at 110, can't be mad at that trade.. From April 13th, the stock rose over 10%... I currently see a retrace to 408 on SPY, which is going to put some pressure on Amazon... There is a bullish cypher set up im monitoring which will present another long term buying opportunity for this stock
코멘트:
코멘트:
I dont want the AD to breach D leg of this bullish cypher pattern
코멘트:
higher time frame you can see the bat.. I would love to see $100 honestly... Long Term hold for me...
코멘트:
2023 uptrend still in tact. price action needs to stay in the channel.. 92.17 is a gift if we ever get that, doubting it to be honest
코멘트:
wow Amazon is showing amazing strength today.. This is impressive... sp500 down over 1.50% and amazon says we dont care we going up... Give me my dip please lol
코멘트:
updated bullish cypher I mentioned yesterday before close... We could run this back to
110
.. As you can see any dips near $100 is getting bought up
코멘트:
that cypher is connected to the larger 1hr bat pattern
코멘트:
onto a higher time frame. I see the ABCD pattern , and measure the fibs from the height of the ABCD pattern to the lowest point... and attached a wave count to it. I come up w/ a bullish C wave near the .236 fib level
코멘트:
im going to post another chart, doing my best to keep the charts clean
코멘트:
the chart is live, but I chose to make it private.. You can view it by clicking on it.
코멘트:
amzn really acting like its bulletproof... Just no freaking dips to buy here as of yet.. unfazed again by sp500 futures and spy etf.... up 2.25% as I type this to 109.00
코멘트:
imho the start to 95.50
코멘트:
double top by the AD, + price action and Chikou Spann
코멘트:
rsi is above clouds, which is bearish
코멘트:
possible.. im forecasting
