$AMZN - repost because bad image and description
Had to repost this since the chart image was terrible. Drinking on Thanksgiving - RIP
I think amazon is going to go retest at least the 61.8% retracement from the last drop. On a break of the inside day >3622 - we could see this thing fly to 3670. Yes that is a really big move - but I think it will happen IF we can break out of inside day.
Pair this with bullish algo on tradytics looking for 3700 - plus I think we rally at least 1 more wave up before flush on indexes, and I think it could happen in 1 session. If amazon opens strong and it can take 3622 - it will test 3640 at a minimum!! Hence lotto of 3650c if we can break 3622.
If amazon breaks inside bar to the downside grab any put because it will go sub 3500
Now with that being said I am done for the night
I think amazon is going to go retest at least the 61.8% retracement from the last drop. On a break of the inside day >3622 - we could see this thing fly to 3670. Yes that is a really big move - but I think it will happen IF we can break out of inside day.
Pair this with bullish algo on tradytics looking for 3700 - plus I think we rally at least 1 more wave up before flush on indexes, and I think it could happen in 1 session. If amazon opens strong and it can take 3622 - it will test 3640 at a minimum!! Hence lotto of 3650c if we can break 3622.
If amazon breaks inside bar to the downside grab any put because it will go sub 3500
Now with that being said I am done for the night
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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.