AMAZON: Could be in trouble
See the monthly picture of Amazon. This is not a confirmed double top as yet. But there could be trouble if it turns out to be. I always look to the higher time frames to see what influences may be ahead for lower time frames.
Note that most of Amazon's boom is in the era of 'free-money' supplied indirectly via the FED.
If Amazon is going to break down (and have a correction) then it'll be most visible on a 4H to 6H time frames.
Note that most of Amazon's boom is in the era of 'free-money' supplied indirectly via the FED.
If Amazon is going to break down (and have a correction) then it'll be most visible on a 4H to 6H time frames.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.