AdvancedPlays

AMZN Ascending Wedge Test

NASDAQ:AMZN   Amazon.com
AMZN sold off along with most stocks after it broke below a major ascending wedge it had been forming for months. It has already failed once on a retest of this level and tried again today. It looked good to reclaim the wedge, but ultimately sold off and closed nearly right on the trendline. This will be a critical area to watch. I would normally always expect this to fail here, but I'm waiting on some more confirmation from ES and NQ before trying to short anything right now.

Idées en relation

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.