Amazon Buy Put 187price has shown a a pull away from imbalance 190. target is 184 imbalance STOPOUT: i consider my idea as incorrect if price closes above 191
AMZNCL trade ideas
Is Amazon stock trapping retail traders? Is it too late?Historically, Amazon tends to experience a run-up leading into Prime Day, which could add positive momentum to the stock. There are some indications that history might, in fact, repeat itself.
The yellow line represents the 6-month anchored VWAP, while the white line shows the July highs anchored VWAP. These VWAPs are crucial as they provide a strong indication of where average buying and selling have occurred over significant time frames, acting as dynamic support or resistance levels.
I anticipate strong resistance near the August highs, as this is a level where increased supply could enter the market. To counter this, I am hoping for a tight consolidation or base formation in the $183.22 - $187.50 range, setting up for a powerful upside move.
If the price can hold within this range, it could pave the way for a retest of the August high and potentially push further up towards $200 by the end of the year.
Amazon h4 entry updateCongratulations to all who took H4 entry yesterday 👏 we have new signals H1 n H4 Microsoft today still available for entries use proper money management this is signals n long you just need to have displean n patience.
Amazon LONG IDEAAMZN is looking good to long here, on support and with a bullish rsi div supporting the idea.
US Indices also look good for a rebound
TP1 184.5
TP2 wick fill 187.5
SL Close under 180
Earnings is in 2 weeks so beware of that.
Amazon H4 for entriesAmazon H4 chart is giving us entry point,am also doing this for new traders n people's whose struggling to find entries use this chance to position yourselfs,there is no need to give you this n entries
,you need to just see graph n knowing what to do in feature,I can explain wrong thing n see market going opposite direction soo what is matter is what you do after you see analysis or do your own if it match what you see, you know what to do.
How to Make Money in the Stock Market and Keep ItI have always said that making money in the stock market is easy. It is learning how not to lose money that is the hard part of trading. To that end, when you find yourself in the surprising and often disturbing position of having made a whole lot of profit, or more profit than you expected in a very short time, you may be feeling overwhelmed. This is when you need to remember some basics about the art of trading.
The primary factor in making money and keeping it depends upon your ability to stop trading to get your emotions under control again. Stop trading for at least a few days to a week. This sounds ludicrous, but my experience with teaching traders for more than 20 years is that those who follow this rule keep their big gains while those who do not, lose them back to the market and then some.
The reason behind this is emotion. You are in a state of emotional flux, not thinking logically. You are thinking, “I’m brilliant, I’m invincible, I am going to be rich!” Well, sure, but not at this moment. At this moment, you are overly exuberant, you are thinking you can do no wrong, so you are likely to miss the parts of your analysis that would keep you out of high-risk setups. So, take a few days to cool off. The Stock Market is not going anywhere. Great trades present themselves over and over again.
While you are recovering from the shock of a large gain, these steps can help bring you back down to Earth :
Review your notes from some of the courses you have taken. Reading back over rules and the reasons behind them for making sounding trading decisions helps a lot to keep you grounded.
Review your trading plan and your goals. If you don't have this written out somewhere, do it now. Most people refuse to write down their goals because of “fear of failure.” They are so afraid that they are not capable of reaching those goals that they do not try. Try to write down realistic goals, and adjust them as you see the need. We have a calculator that we provide to our students for help with this. Once you do the task of setting goals, you will find that they are achieved much of the time.
Consider if you need to increase your goals. Continually pushing yourself to reach higher and higher levels of efficiency and profit helps to both dispel the fear of failure and propel you forward with perhaps stricter rules to achieve those higher goals.
Trading is 50% skill which, in short, includes understanding your Trading Style and using proper Strategies for the current Market Condition.
The other 50% is controlling emotion, which includes setting goals, keeping calm and centered, using discipline in your trading rules, having the determination to keep working until you are successful, maintaining your personal parameters while expanding them, and using logic rather than emotion. These are the major components of making money and keeping it.
AMZN Setting for the big move.AMZN - Nice wedge there. Looking for a big move soon.
Not a financial advice.
Top 5 Weekly Trade Ideas #2 - AMZN ShortAMZN recently broke below its uptrend from early August and has also broken below horizontal support near 183. I think that level would be a good place to use for a stop loss, upside target would be supply/190 above.
If it stays below 183 and breaks the recent low around 180 I'd look for a move down to fill the gaps around 175 and 172. Overall I like the way it has remained below 183 after an attempt to reclaim which quickly failed. It's also been fairly weak relative to NQ lately in general. Names such as NVDA and META have been much stronger so that's where I'd be looking for longs, not on AMZN.
AMZN Technical Analysis (10/8/2024)Current Price: ~$180.93
Resistance Levels:
First Resistance: $182.00 – This level is the immediate resistance to watch, where AMZN might face rejection if there's low momentum.
Second Resistance: $186.61 – A break above $182.00 could lead AMZN to test this level, especially if volume picks up.
Third Resistance: $187.57 – A strong bullish move would target this level as a more extended upside.
Support Levels:
First Support: $180.65 – AMZN is hovering near this level. A break below could bring downside pressure.
Second Support: $175.77 – If selling continues, this is the next support to watch for potential price stabilization.
Trend & Pattern:
AMZN is in a descending channel pattern, which typically indicates a bearish continuation unless there is a break to the upside. Price action shows consolidation near the lower channel, suggesting indecision or a potential breakdown if support fails.
Volume:
Volume appears relatively low, suggesting a lack of strong buying or selling interest. This can imply a wait-and-see approach by traders, so any spike in volume tomorrow could indicate the next direction.
MACD Indicator:
The MACD is showing slight bullish divergence, with the lines crossing close to zero. This could indicate a potential bounce from current levels if the support holds.
Potential Trade Ideas:
Bullish Scenario:
If AMZN breaks above $182.00 with solid momentum, a long position could be considered, targeting $186.61 or $187.57 as upside targets.
Bearish Scenario:
A break below $180.65 could lead to a retest of lower support levels, such as $175.77. In this case, a short position may be an option with a stop above $182.00.
This analysis is for educational purposes only and is not financial advice. Please do your own research before making any trading decisions.
AMZN: Sell ideaSell idea on AMZN as you can see on the chart if only if we have the breakout with force the support line by a big red candle.
$AMZN, Bullish Towards $195Hey ya'll,
The chart above highlights Amazon ( NASDAQ:AMZN ) on the daily timeframe.
I've added #thestrat indicator, MACD, and RSI indicators.
I've marked the Fibonacci price points from low (Aug 28) to high (Sep 24).
Normally, I would've gotten in at the 0.618 fib retracement ($179.02) or the 0.5 fib ($182.15) but I would still take a 3+ week out options contract.
If price goes above Fri, Oct 7th high of day (HOD) @ $187.60, but 1 strike out of the money.
If price opens below Fri, Oct 7th's HOD, wait for it to either reversal at the previous low of day (LOD) or at whatever point.
Entry: $187.61 (above prev daily high)
Target: $190.86 (Fri, Sep 27 open price)
SL: $185.13 (tight under 0.382 fib)
R:R = 1:1.32
MACD = curling up
RSI = curling up, low 50s
Potential Contracts:
$190c 11/15 @ $8.00 (ITM)
$185c 11/15 @ $10.55 (1 OTM)
AMZN: TA for tomorrow (10/07/2024)Key Levels:
Resistance Zones:
187.57: A significant resistance level that price has struggled to break above. A breakout above this could signal more bullish momentum.
186.61: A near-term resistance level where the price is currently consolidating. A break above this level could act as confirmation for more upside movement.
Support Zones:
186.03: Immediate support just below the current price level, which is being tested. A break below could lead to further downside movement.
181.96: This is a more significant support level that held previously. If price moves downward, this level could act as the next major support.
180.93: Strong support at this level, with a recent bounce, suggesting buying pressure here. A break below could signal more weakness towards 179.40.
Price Action:
There was a sharp decline in AMZN’s price before stabilizing around 181-180 levels. The bounce from that area has brought it back toward resistance levels, but the upside momentum seems to be stalling.
A descending trendline from the highs shows a longer-term bearish trend, although the price action over the past few sessions indicates a potential short-term recovery.
The current consolidation around 186-187 suggests that the market is indecisive and waiting for a catalyst to break out of this range.
Volume Analysis:
There was a spike in volume during the recent downward move, followed by decreasing volume during the consolidation and small recovery. This could indicate weak buying pressure at higher prices.
A volume spike during the test of 187.57 would be needed to break this level convincingly.
Indicators:
Oscillators indicating a possible divergence, suggesting weakening bullish momentum. Watch for any signs of bearish reversal patterns.
Strategy for Tomorrow:
Bullish Scenario: If AMZN breaks above 187.57 with strong volume, it could push higher towards 190 or beyond. The immediate resistance after that could be near 192-193.
Bearish Scenario: If AMZN breaks below 186.03 or 181.96, it could move towards testing the lower support at 180.93. A breakdown here could trigger further selling pressure, with the next target near 179-177.
Entry/Exit Points:
Bullish Entry: If AMZN breaks above 187.57, consider entering a long position with a target of 190 or higher. Place a stop-loss just below 186.03 to manage risk.
Bearish Entry: If AMZN breaks below 186.03 or 181.96, consider a short position with a target near 180 or lower. Use a stop-loss above 187.57 to limit risk.
Watchlist:
Breakout above 187.57: Watch for volume confirmation and price action above resistance.
Breakdown below 181.96: Increased selling pressure may occur if this level is breached.
Long AMZN (but not for long) @ 183.13Thesis: AMZN is oversold according to my algo. The end.
OK just for everyone else who doesn't know that all my trades are run by my algo, I'll spice it up a little with this chart and some fundamental news just for that crowd.
The blue line shows very strong long term support going back to late 2022 - tested and held 3x.
The white line is short term support from the previous high before the most recent one set on Sept. 24th. While it won't matter to me if AMZN breaks through this, it would be a slight negative. I don't expect it to break this before a little run up, however. It certainly could, though.
The orange line is medium term support from the August 28th low. Incidentally, that's the last time my algo considered it oversold and it proceeded to rally around 13% after that.
Short term, the green triangle is a somewhat neutral triangle, but given that the bottom is steeper than the top, it was tested and held today, and the triangle is part of a strong longer-term uptrend, it gets a mildly bullish vote from me.
Finally, Deloitte, Mastercard and Adobe all came out with holiday sales forecasts predicting an anywhere from 7-10% increase in online holiday sales this year vs. last year. That's fundamentally bullish for AMZN.
The east coast longshoremen's strike is not especially bullish, but I imagine that most of AMZN's purchases that ship from overseas come from East Asia, rather than Europe, so I don't see that as a huge negative...YET. If it is a protracted strike and starts to affect the economy at large, then I think it's going to affect AMZN too.
My trade will hopefully be a short term trade, expecting a rebound, rather than a trade long enough for the strike to seriously affect the stock. I wouldn't personally get concerned unless AMZN breaks the blue trend line with force. Even then, AMZN is not going away.
If the rebound takes longer and it stays oversold, I'll add more lots and I'll sell when each lot becomes profitable. This is ideally a quick win trade, allowing me to cycle the proceeds into another idea, not a big win trade. In the last 12 months, that strategy is 19-2* on AMZN (the 2 are still open trades from early July).
This is entertainment, not financial advice, so don't take it as such. DYOR and make wise investment decisions based on it. I'll update this as buys or sells are made.
AMAZON BUY SETUP UPDATEFrom my last post, price entered our demand zone and is reacting by giving a strong push on the 4hr
AMZN BUY ANALYSIS FALLING WEDGE PATTERNHere on Amzn price form a falling wedge pattern and now try to rise so there is chance of going up as the line 185.25 has broken so going for LONG is needed and the targeting profit should be around 188.66 and 191.50 . Use money management
The 3 Steps To Risk Managment Using The Rocket Booster Strategy.The rocket booster strategy is something
i have been
practising since I started trade
journals here
on Tradingview.
It took me about about 48 hours and 48 days
of studying to master this
strategy in my brain it's very simple
but do not underestimate its power
I want to show you risk management.
On this chart is the rocket booster strategy
But there is a difference.
On the chart, I have shown you a buy-limit order
and a take-profit order.
Here are the 3 steps to risk management
and profit-taking
using the rocket booster strategy for this
stock NASDAQ:AMZN :
#1-Place a buy limit order on the 50 EMA or near it.
#2-Place a take profit order on the resistance
level measured by the Bollinger bands.
#3-Do not overleverage your position-
Use margin but not too much!
Now that you know I encourage you
to read this article at least 33 times
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Rocket boost this post to learn more.
Disclaimer: Trading is risky you will lose money
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AMZN Support TestAMZN quickly sold off after a brief move up above 190 and near ATH. It had a nice ascending wedge break as well. It's currently in a range from about 190-183, we also have an uptrend support line just below that started back at the August lows.
We could see a big flush below 183 if it breaks and also falls below the uptrend from August. First target for me would be somewhere in the 175-170 area. I like the support around 175 and there's also a gap fill around 172.
If it holds above 183 and maintains the uptrend from August, first upside target would be supply near 188 and then 190 again.
AMZN PUTSAmazon (AMZN) recently broke down from an uptrend wedge pattern, signaling a potential shift in momentum. The latest earnings report revealed disappointing revenue growth, rising operational costs, and a slowdown in AWS, raising concerns about future profitability. $160 area target.
The strikes in Iran and among port workers could hit Amazon pretty hard. If ports get backed up, it could slow down shipping and lead to inventory shortages, making it tough to keep products in stock. Plus, if shipping costs go up, that could eat into profits. With all this chaos, consumer confidence might drop too, which isn’t great for sales. Overall, these disruptions could really hurt Amazon's bottom line in the near future.
Amazon $AMZN - Next leg up??There is a 3 day time at mode bullish trend thathas just been triggered and is set to expire on Oct 7.
Ideal re-entry upon a retrace toward mid $170's or upon a bullish break above $190.
Weekly timeframe had a massive bullish engulfing bar on last week's close which adds confluence.
This is the hallmark of the 13 EMA SystemYesterday were heavy winds
in town...a sign of the rainy season about to start soon.
I bought some sweet milk
This time I had no crackers because I had eaten some
bread earlier that day.
-
When you look at this chart NASDAQ:AMZN I want you to notice the following
-The price is below the 13 EMA
This is the hallmark of the 13 EMA System
👉To learn more rocket 🚀boost this content
⚠️Disclaimer:Trading is risky please learn risk management and profit taking strategies.
AMZN - PUTSAmazon (AMZN) recently broke down from an uptrend wedge pattern, signaling a potential shift in momentum. The latest earnings report revealed disappointing revenue growth, rising operational costs, and a slowdown in AWS, raising concerns about future profitability. $160 area target.
AMZN, short, Entry: 185.32, Stop: 186.38, Timeframe: 4h**Trade Type:** short
**Ticker:** AMZN
**Entry Price:** 185.32
**Stop Loss:** 186.38
**Take Profit 1:** 184.42
**Take Profit 2:** 183.47
**Risk/Reward Ratio:**
**Timeframe:** 4h
AMZN: Will Port Strike Affect AMZN? No bias, just based on TA
Current Price Action
AMZN is currently in a downtrend, forming lower highs and lower lows, indicated by the descending channel on the chart.
Price is consolidating around $185.67, which suggests the potential for either a short-term bounce or continued bearish momentum.
Support and Resistance Levels
Resistance Levels:
$189.55 - $190.16: This zone has been a significant resistance area where previous attempts to break higher were rejected. If the price rises, watch for resistance at this zone.
$194.85 - $195.37: Should AMZN see a strong bounce, this area would be the next target, which also aligns with previous peaks.
Support Levels:
$185.67 - $184.66: Immediate support zone, where the price is currently hovering. A break below this level could signal further downside.
$180.00: This is a psychological and technical support level that could attract buyers if AMZN continues to slide.
Entry and Exit Points
Bullish Entry:
If the price manages to break above $190.16 with solid momentum, this could indicate a reversal of the current downtrend, offering a long entry opportunity. Look for confirmation with increased volume.
A possible target for this bullish move would be the resistance at $195.37.
Bearish Entry:
A failure to break above $189.55 and a subsequent rejection or breakdown below $185.67 would present a potential shorting opportunity. The next target would be $184.66 and possibly $180.
Exit Points:
Bullish Exits: Around $190.16, or $195.37 if there’s strong momentum.
Bearish Exits: Targets would be $184.66 or further down at $180.
Suggested Direction for Tomorrow
Bearish Bias: Given the current downward channel and lack of strong bullish indicators, the bias seems to be bearish. If AMZN fails to break through the $189.55 - $190.16 resistance zone, the downtrend is likely to continue.
Bullish Case: If there’s a bounce and AMZN can break above $190.16 with strong volume, it may signal the start of a reversal, targeting the $194.85 level.
