Price had a daily breakout.
1H chart shows bullish move.
Price is currently in a bearish 1H pullback.
Fib level drawn on 1H bullish swing low to swing high.
Waiting for price to retrace bearish from 38.2% to 61.8% fib levels.
Waiting for Price to breakout above descending 1H trendline.
Buy on a 1H close above 1H trendline.
TP is -61.8% fib level @ 1970
Find your own SL
1H chart shows bullish move.
Price is currently in a bearish 1H pullback.
Fib level drawn on 1H bullish swing low to swing high.
Waiting for price to retrace bearish from 38.2% to 61.8% fib levels.
Waiting for Price to breakout above descending 1H trendline.
Buy on a 1H close above 1H trendline.
TP is -61.8% fib level @ 1970
Find your own SL
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NASDAQ NOT NYSE
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Here is a Day Chart of AMZN.
Price may rach TP 1970 next week.
Price may rach TP 1970 next week.
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I wrote this retrace unclearly. Price could retrace anywhere between 38.2% to 61.8% before it returns bullish continuation.
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Redrew descending trendline with new high wick
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waiting for a 1h candle close above 38.2% fib and trendline.
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2nd long trade - candle close above swing high resistance level @ 1900.