Double Bottom Reversal (Still bullish)this is an example from the books, the classic w pattern to get into the original tendency back again I think a nice target should be 160$. Have a nice trade!
AMZN trade ideas
$AMZN at strong resistance ahaead of Q3Amazon is currently trading above the pivot to start off Q3 but also stuck between a rock and a hard place as they are just below the 200 week average.
SasanSeifi 💁♂️🔵AMZN 👉12H 118 / 121 / 123▪️ Hello everyone ✌ By examining the chart in the time frame of 12 hours, as you can see, the price has grown by about 12% after breaking the dynamic resistance and due to the completion of pullback from the range of 101, and after a slight fluctuation, it again faced a positive fluctuation. Currently, it is trading in the range of 114 midline of the ascending channel.📊
📈The scenario we can consider is that if the support range of $110 and $108 is maintained, the price will continue to grow up to the range of $118 and the gap area of 121/123.
❗️
🔸We have to see how the price will react to the resistance ranges. If it stabilizes above the range of 123, the possibility of more growth can be considered.‼️⚠️
⚠️Keep in mind that it is important to maintain the 110/108 support range for the continuation of the positive trend.
▫️The current price : 114.07💲
▫️TF : 12-H
❎ (DYOR)...⚠⚜
What do you think about this analysis? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
AMAZON looking like it could be a completed HARMONICI am seeing the 200 week being a resistance, and a harmonic pattern completing right there.
If were in for a dip on tech stocks, this would be the time i think.
looking for a nice retrace right to the baby blue box.
Bearish divergence on the MACD.
Buy when Price is above 20/50/200There are always be trouble below 20ema or 50ema or 200ema or combination of all.
Your odds to make a profit in the market increased significantly if you only buy anything above the 20ema or the 50ema or 200ema or combination of these MAs.
Part 3 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set.
- SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend
- TSLA potentially shaping up an equilibrium
- NVDA bull break above 420 back into its all time highs sideways chop zone
- AMZN fifth rejection from its 131 chop zone still above support though
- GOOGL still the weakest only tech in a daily downtrend
- MSFT went form daily downtrend to uptrend today
- META same as AMZN in a chop zone rejection 5th time from its resistance.
$AMZN Amazon Consolidation Trade | 127 Call Option Trade 6.30.23Amazon Has been ranging between the levels of
131.50 - 127.00 (1hour)
Resistance Levels (15 Minute Time Frame)
The Resistance Levels I’ve charted from strongest to weakness, and they are
131.49, 131.21, 130.85
Support Levels
The Support Levels I have listed as
127.50, 127.28, 127.00
Many reasons to short AMZNBesides hitting a price level, we touching a long term diagonal and adding divergence on RSI gives you a few reasons to short here. Swing trade so long term.
Amazon Trade IdeaHey traders
Here i have shared the possible move of Amazon. It has been making lower lows and lower highs in the price action, so technically once it's reach the daily resistance that i have marked it is a sell side trade. But with all the news all over it may break the resistance and move up again. So we will wait for a clear rejection or break of the zone. If there's a rejection we short the stock and if it breaks the zone we take the buy side. I have marked the highest targets on both side trade, it you who should decide what your Target should be. However even though there's a chance for the stock to go the buy side Target, i don't think it'll get to the sell target, atleast for now. What ever side you take put your SL above or below the marked zone.
Good luck.
$AMZN Analysis, Key Levels & TargetsNASDAQ:AMZN Analysis, Key Levels & Targets
So, looking at historical volatility and moving averages… my target for AMZN is 107…
AMZN AnalysisPrice consolidated since my last analysis. No changes to my expectations, I'm expecting price to go lower from here, potentially into the bullish POI at 118.60 next.
#AMZN Created HNS at 130$
#AMZN created hns and closed below 130$.
IF #AMZN still below this point , it will test back 127.5$
IF #AMZN can break HNS at 130$, it will test 132$
NVDA TSLA AAPL AMZN GOOGL MSFT | QQQ Sp500 Trend Analysis Guide- QQQ inside bar need to break yesterdays highs
- SPY hourly trend will be our guide to see if daily Lower high will be set
- NVDA stock inside bar resistance 420
- TSLA bulls likely want to re-test H&S neckline resistance
- AAPL rising wedge Resistance
- AMZN inside bar
- GOOGL still in daily downtrend
- MSFT also daily downtrend
June Gainers (AMZN, account up 0.27%)13th trade in June is NASDAQ:AMZN .
Holding period is 0 day.
Account is up 0.27%.
Total return in June is 20.04%.
I have prediction for next stop,But I dont know what future brings us especially in terms of latest news.
But dont count on me, this is not an investment advice
AMZN still strong but decelerating?I mostly follow tech stocks and am a fairly new charter. I have been following AMZN for awhile and it seemed to develop a nice trend line from May through June. Now the trend seems to have changed angles? Does anyone else see this?
At first I thought it might be related to the interest rate changes but the FOMC held steady on the last mtg and there doesn't seem to be much correlation.
When compared to SPX or DJIA over the last week or so, AMZN seems strong to what almost looks like a reversal (or at least a pullback) in the major indices.
AMZN AnalysisPrice consolidated since my last analysis. No changes to my expectations. Price is well within the current bearish POI where we will wait for a confirmation on the lower timeframe for price to go lower. Potential target for the down move will be the bullish POI at 118.60.
Part 2 Big 6 Tech stocks | QQQ Sp500 Detail Price Trend Analysis- QQQ and SPY shaping up that 4h head and shoulders pattern
- NVDA bear break of that rising wedge
- TSLA looking like a blow off top now
- AAPL strongest tech stock chart still looks perfect intact 2D EMA 12 full bull control
- AMZN still chopping within its zone starting to weaken
- GOOGL formed its first daily downtrend
- MSFT starting to weaken too
Amazon 50 month MAOne moving average I track is the 50 month. this helps to determine whether there is a very long term bull or bear market. Sometimes stocks react to this MA line. In the case of Amazon it looks like price may be respecting this moving average to the downside which seems bearish for this stock.
The Art of PatienceAmong the dozens of qualities and attributes, experts say traders need, patience is one of the most important qualities a trader can possess. It is a virtue often overlooked in the fast-paced world of trading, where new traders are lured into the trap of the get-rich-quick ideology. The ability to wait for the right trades can be the difference between success and failure, but how can we grow our patience?
In this article, we will dive into the art of patience. We will discuss why patience is important and methods to cultivate patience.
Why Patience is Important in Trading
In this day and age, patience is a difficult thing to master. As a society, we almost want things before we know we want them. That makes waiting for nearly anything a monumental burden for most. We are so impatient that we are willing to pay money to remove things that require patience. Ads on video or music streaming apps or expedited package delivery are great examples. However, this does not mean we cannot learn and become disciplined in the art of patience.
Patience allows traders to take a long-term view of the market. That market can be a volatile and unpredictable environment, and the temptation to blindly leap into a trade can be immense if we cannot maintain discipline and patience. Emotional or impulsive trades often lead to losses.
Patience allows traders to wait for ideal opportunities that are thoroughly analyzed, utilizing a robust yet simple trading system. If we as traders take the time to be patient and genuinely analyze potential opportunities we can often avoid trades that are likely to be unprofitable.
How to Cultivate Patience
Patience is not a natural trait for everyone, but it can be cultivated through practice. Here are some tips for building your patience:
Set realistic goals: Patience really requires a long-term perspective. Traders should set realistic goals for their trading strategy and focus on achieving them over time, rather than trying to get rich quick. The old adage of “Rome wasn’t built in a day” couldn’t be more pertinent. Great things take time to develop, but they are often worthwhile.
If you miss, you miss: Something that is difficult for any trader is missing an opportunity. Maybe you were pulled away or just generally distracted, and an opportunity passed by you. It is unwise to hop on the FOMO train in the hope that there is still room up or down for a trade to be profitable. It is far better to take a step back and analyze the market and find new entries or opportunities that can be verified by your system. Missed opportunities are also a great learning experience to build yourself up rather than tear yourself down.
Avoid distractions: Ohhhh look a squirrel! Anyways, the markets can be overwhelming, and it can be easy to get distracted. Examples of distractions would include nonconsequential/irrelevant news, misleading social media posts or groups, and personal environmental factors. Avoid distractions and focus on your trading plan; your future self will be thankful.
Practice mindfulness: Many mistakenly think mindfulness is to make your mind a blank canvas, devoid of thought, and disregarding everything external. Mindfulness is the practice of being present in the current moment, recognizing when your mind wanders, and letting it go as you bring your focus back. View your mind as a muscle that needs to be trained, not entirely dissimilar to an athlete training their body. Mindfulness can help you stay focused and avoid impulsive decisions as you bring yourself to the present moment.
Conclusion
The funny thing about patience is that it takes time to develop. Patience is a foundational pillar for a trader's market psychology, but it is one of the hardest to build up. It allows traders to wait for the right opportunities, avoid emotional decision-making, and take a long-term view of the markets. By cultivating patience and applying it to your trading strategy, you can increase your chances of success.
A bearish crossover in Amazon’s (AMZN)A bearish crossover in Amazon’s (AMZN) MACD suggests a weakening bullish momentum. However, it is too early to conclude a start
of a downtrend. This because a daily close above $127.40 may trigger a trend continuation towards the upside, specifically towards the
$133.50 resistance, last traded on 9 September 2022. In contrast, the trend reversal is likely to come if there is a daily close below $121,
which is around the EMA20 days. Downside support could be seen at $114.
