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Amazon.com
Updated

Amazon in dangerous territory here.

292
Brown trendline represents the head and shoulder neckline. Yellow neckline is the rimline of an inverted cup and handle. Both essentially have the same breakdown target. Price needs to get above these trendlines soon to avoid triggering the breakdown.
Note
Full measured move target is 16.95 which would be a massive dump were it to happen *not financial advice*
Note
Good save amazon. Lookin like it may have indeed been a convince fakeout.
Note
Not out of the woods just yet though.
DrDovetail
1MOamazonHead and ShouldersinversecupandhandlemonthlychartSupport and ResistanceTrend Analysis

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.
1MOamazonHead and ShouldersinversecupandhandlemonthlychartSupport and ResistanceTrend Analysis
DrDovetail

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.