Abu-Sushi

amazon path and direction..

NASDAQ:AMZN   Amazon.com
Hello everyone this is my idea for AMZN on daily time frame ..

Price is stuck inside no man land choppy zone .. Between orange and red line ..
We try to keep it simple and find our lines of support and resistance .. to execute best entries and exist .. as a trader

For bull thesis ..
As a buyer you wanna buy from orange line to target red line ( no daily candle close below orange line )
As a buyer you wanna buy if red line break to target black and green line .. as long as red line hold .. ( no daily candle close below)
As a buyer you wanna buy from blue line to target orange line .. ( no daily candle close below blue line )

For bear thesis ..
You wanna sell from red line to target orange line ( no daily candle close above )
You wanna sell from black line or green line to target red line ( no daily candle close above )
You wanna see if price close below orange line to target blue line .. ( no daily close above )

for any question feel free to ask :)

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