amazon is in bearish abc pattern
BATS:AMZN Amazon.com, Inc
Amazon has form abc breaish pattern where b wave is triangle. It can come down up to 2580/2600 where c wave will equal to a wave
actuall target is 2809 where C is equal to wave A by 0.786% and second target is 2660 where wave C is equal to wave A
if it moves above 3366 than we will close the trade actually its bit long stoploss we have to initiate trade some where near it.
Trade closed: stop reached:
i am closing my trade because stop loss hit
AFTER HITTING MY STOP IT REVERSED AND CAME BACK TO 2881 IT HAS FORMED HAMMER ON 05/03/21 SO IT CAN BOUNCE BACK