AMZN looking for a new high, but swing traders be careful...
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The stock AMZN is consolidating in an ascending triangle, it is most probable that the market will look for 4038.05 (1.618 Fib level).
You need to wait for the confirmation of what I said by the breaking of the triangle from above.
Be aware of the negative divergence of RSI, another reason to wait for the confirmation of the increasing movement.
Finally, and most importantly, keep an eye on volumes they are what makes the market move, not prices.
You need to wait for the confirmation of what I said by the breaking of the triangle from above.
Be aware of the negative divergence of RSI, another reason to wait for the confirmation of the increasing movement.
Finally, and most importantly, keep an eye on volumes they are what makes the market move, not prices.
Note
beautiful move today, the last candle closed above the triangle, RSI above 50%, waiting for a confirmation of a second green candle and a green volume to increase the chances that the market will go higher
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