climbing_stars

Potential AB=CD AMZN

Short
NASDAQ:AMZN   Amazon.com
0
AMZN hanging man candlestick pattern at the 0.618 extension. Potential Bullish Bat on the larger time frame. For the bat to play out though you would need to see a massive downward movement in tech. I do believe we see a pullback in the nasdaq. A lot of the tech names look like good shorts at the current moment. At least look for AMZN to put in a double bottom. If that breaks then the AB=CD becomes highly likely. Who knows maybe even the bat could play out from there. I would need to see some extreme evidence for that to be the case though.

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.