AMZN: Are We Heading to $247 or Taking a Quick Dip First? Hey Mindbloome Family, here’s my take on Amazon (AMZN) right now:
1️⃣ If we break above $233, I think we’ll see a strong move up to $246–$247.
2️⃣ If we don’t break just yet, we could see a pullback to one of these levels first:
$225
$221
$215
From there, I’m still looking for a bounce back up to $246.
3️⃣ If we break below $215, that’s when we’ll need to pause and reassess the plan.
Wellness Tip: Don’t underestimate a good night’s sleep. Trading with a clear, rested mind makes all the difference—you’ll see the charts more clearly and make better decisions.
What’s your take—do we break through to $247, or are we dipping first? Let me know! If you want to chat more or dive deeper into this setup, check out my profile or send me a DM.
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Amazontradingsetup
Amazon - Breakdown of the breakout!NASDAQ:AMZN is definitely ready for a major bullish (triangle) breakout.
Here we have a textbook example of a bullish stock. Amazon's stock chart is simply moving from bottom left to top right. Of course there are minor corrections here and there, but the trend is clearly higher. For the past four months, Amazon has been hugging a horizontal resistance level and is preparing a bullish breakout. This will certainly become a decent break and retest setup.
Levels to watch: $185
Keep your long term vision,
Philip - BasicTrading
Amazon - Break And RetestHello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
In 2020 Amazon created a beautiful triangle breakout which was followed by a +75% rally and then a -50% correction. After the correction was over, Amazon perfectly retested a confluence of support and reversed aggressively towards the upside. Considering that Amazon just rallied 100%, I am now just waiting for a retest of the structure mentioned in the analysis.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Amazon - The New SetupHello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
Starting in 2018 Amazon created a decent bullish triangle continuation pattern and after the breakout Amazon pumped more than +70% towards the upside. Then with the 2022 bear market we saw a quite harsh correction and a perfect retest of previous support. If Amazon now provides a retest of the support mentioned in the analysis, I am looking for more long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Amazon - Massive Resistance AheadHello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
With the quite obvious and expected channel breakout in 2016, we saw a rally of more than 500% towards the upside on Amazon. This pump was followed by a retracement back to a previous support level before we saw another bullish reversal. If Amazon breaks back above the structure mentioned in the analysis, market behaviour is bullish and I will be looking for longs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Amazon -> Finally BullishHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock is currently breaking above a major previous weekly structure area exactly at the $105 level which is now turned support.
You can also see that over the past months, Amazon has been creating a solid double bottom, weekly market structure and moving averages are also very bullish, so I am now just waiting for a retracement and then I do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle, Amazon stock is perfectly breaking above a major previous daily resistance area at the $112 level which is now turned support so I am now just waiting for a retest and then I am looking to get long on Amazon.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Amazon -> Bullish Trend ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock just recently retested and already rejected a quite strong previous weekly support zone at the $85 area which was turned strong support once again.
You can also see that from a weekly perspective we do have the possibility to created a double bottom and start a new bullrun from here so I am now just waiting for a break above the neckline at $105, followed by a retest and then more continuation towards the upside.
On the daily timeframe you can see that Amazon stock is already creating bullish market structure, however I am still waiting for a break above the $105 resistance and a retest before I definitely do expect more continaution towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Amazon -> Kind Of Left BehindHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Just recently Amazon stock perfectly retested and also rejected a quite obvious previous weekly support zone which was turned very strong support again.
After this first initial bounce, Amazon stock then created a rejection of a long term downtrend-line and is once again approaching the weekly support area from which I do expect another rejection towards the upside.
On the daily timeframe I am now just waiting for the market to retest the previous support area and if we then have some bullish confirmation on the lower timeframes, it is quite likely that we will see at least a short term rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Amazon -> Bullish Scenario Playing OutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective Amazon recently tested a quite obvious previous weekly support area from which we started a quite nice rally towards the upside.
Considering the fact that Amazon also broke above a key weekly downtrend-line, I think that we have some more overall upside potential.
From a daily timeframe we are currently retesting previous resistance which is now turned strong support, so if we see some more bullish confirmation inside of this zone, there is a high chance that we will actually see the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Amazon Analysis 10.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Amazon Analysis 17.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Amazon Analysis 04.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Amazon Analysis 21.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Amazon Analysis 05.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Amazon Analysis 13.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!