Stonkademy

AMZN breakout theory 2021

Long
NASDAQ:AMZN   Amazon.com
In the current year, Amazon has repeated this pattern twice, and is currently setting up for a three-peat. Around 19 February, Amazon slid approximately $400 until 09 March when it consolidated for exactly 16 trading days before proceeding to run approximately $600 over the course of 22 trading days. Again, on 30 April, we saw another roughly $400 drop. Then again, 16 trading days of consolidation before running approximately $600 for another 22 trading days. Now, just a couple weeks ago, beginning July 27 we saw for a third time this year an almost $400 slide, and we have been in consolidation for the past 10 days. If the pattern does repeat itself, we should see another $600 run after 6 more trading days. By my math, that puts our launch date at 24 August with a total flight time of 22 trading days, arriving at our destination on 24 September. Please enjoy your flight!
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.