Amzn Dark cloud cover
Closed up at 2 resistance points and was the main reason for the drag on XLY sector. Closed up with a dark cloud cover pattern which indicates a reversal pattern. Tomorrow will confirm or negate this pattern.
If amazon does a bearish reversal then 86$ gap close is my target.
If amazon breaks over resistance then my bullish target would be 105 gap resistance .
The bigger picture though is a falling wedge, which is a bullish pattern but we could head for one more leg down before the move out
If amazon does a bearish reversal then 86$ gap close is my target.
If amazon breaks over resistance then my bullish target would be 105 gap resistance .
The bigger picture though is a falling wedge, which is a bullish pattern but we could head for one more leg down before the move out
Note
96 is the new stop loss if your short, depending on your Expiration...Next target is 90 gap close.
XLY is looks extremely bearish.. most tech is up on NFLX news... as long as QQQ holds under 280 we can expect more selling
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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.