AMZN Update - Right On Script
Back on April 14th, I posted this chart on AMZN
So far it's right on script thus far, we got the push higher to test previous highs
and now seeing if the reversal will follow to complete the longer term (13 year)
consolidation pattern down to long-term support within this very big 20%+ bull flag
that should ultimately resolve to higher prices.
Of course, it can take off from here as well. But from a risk-reward standpoint
this is a key area for both short-term bears & long-term bulls. Key areas
do not occur every day so it is important to be able to identify and take
advantage of the great risk-reward.
So far it's right on script thus far, we got the push higher to test previous highs
and now seeing if the reversal will follow to complete the longer term (13 year)
consolidation pattern down to long-term support within this very big 20%+ bull flag
that should ultimately resolve to higher prices.
Of course, it can take off from here as well. But from a risk-reward standpoint
this is a key area for both short-term bears & long-term bulls. Key areas
do not occur every day so it is important to be able to identify and take
advantage of the great risk-reward.
Note
Like clockwork!
Real Macro Economic Investing
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.