AMZN 1D Bullish Divergence

Using AutoDivergence to identify Divergences on the AMZN 1D Chart shows that in this case Divergences of Price vs. CCI might indicate trend-reversals pretty accurate.
There was a bullish Divergence that started at the end of September. Price started to rise on the first days of October an then went down a little-bit. This can be considered as pullback since the current candle is green again. Looks like a good Opportunity to enter a long Position.
Profit-Target is the monthly Pivot-Point at 1766.

Trade geschlossen: Ziel wurde erreicht:

Profit target was hit as predicted!