AMZN, Amazon.com Inc. - Cup & Handle
AMZNWe are getting closer and closer to the endurance breakout of this splendid Cup & Handle.
Despite the speculations in which we think that sooner or later there is a big retracement in the market, our focus is always on researching the classic patterns of technical analysis, and our study of price action is never influenced by external informations or medias.
We have the backtest that guides us in managing the position, and if we operate outside the parameters we studied, we would not replicate the results we expect.
The key is to be a trader who operates in a totally mechanical, not emotional way.
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