AMZN has formed all the stage of a bubble template on the weekly chart. We may be seeing a false breakout of 2,000 here and when we trade back under here we might start to see a lot of selling momentum resulting in a large fall in AMZN.
From here we should look for initially a sharp sell off. Then a bull trap sort of rally. If we see these two things, we can sell more aggressively.
From here we should look for initially a sharp sell off. Then a bull trap sort of rally. If we see these two things, we can sell more aggressively.