AMAZON - Let's wait B wave to finish, then short!
Aktualisiert
Corrective ABC forming. Let's wait that little C wave to complete that big B wave, and let's short that big C wave.
Little bearish divergence on RSI on 2h.
MACD doesn't looking too bullish, but I think Amazon will test golden pocket (0.618 - 0.65 Fib) level again. I think that horizontal resistance in golden pocket will stop this little bull market. In case that bull market continue I put stop loss just a little above that resistance.
Overall I'am short term bullish, long term bearish.
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Little bearish divergence on RSI on 2h.
MACD doesn't looking too bullish, but I think Amazon will test golden pocket (0.618 - 0.65 Fib) level again. I think that horizontal resistance in golden pocket will stop this little bull market. In case that bull market continue I put stop loss just a little above that resistance.
Overall I'am short term bullish, long term bearish.
If you like my trade and analysis, click that like and follow button. Thanks!
Trade ist aktiv
As expected it goes to the golden pocket. Expecting hard drop now. RSI and MACD looking bearish.
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