I have done simple no brainer analysis for AMZN as back test of some fundamental tech analysis. The following tech analysis concepts always worked out.
1. Cup and Handle
2. Breakout / breakdown
3. Triangular pattern
4. Double top and bottoms
Some observations
1. Deeper the Cup higher the come back target
2. Do not enter unless clear threshold / neckline break on C and H
3. It takes many tops to finally get deeper cups - Exit at 3rd or 4th top
4. 3 bottoms is sure indicator of bullish trend
5. Sharp triangles are golden nuggets for entering in Bullish trades
6. Bearish and bullish divergences may be false positives, look for threshold
7. Steeper the parallel channel deeper the dip or rise after breakout or breakdown
8. Observe consolidation clearly and trail with shorter time frames
Please add your valuable observations.
1. Cup and Handle
2. Breakout / breakdown
3. Triangular pattern
4. Double top and bottoms
Some observations
1. Deeper the Cup higher the come back target
2. Do not enter unless clear threshold / neckline break on C and H
3. It takes many tops to finally get deeper cups - Exit at 3rd or 4th top
4. 3 bottoms is sure indicator of bullish trend
5. Sharp triangles are golden nuggets for entering in Bullish trades
6. Bearish and bullish divergences may be false positives, look for threshold
7. Steeper the parallel channel deeper the dip or rise after breakout or breakdown
8. Observe consolidation clearly and trail with shorter time frames
Please add your valuable observations.
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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.