Updated AMZN inverse H&S

18 giu

Here is the weekly view of the AMZN inverse head and shoulders I finished a while ago. I added a demand zone as well. You will note a nice bounce on the 20EMA supporting this idea long-term. My short-term target is still 210$ here. A brief dip into demand and blastoff is my prediction.

-A test of 189$ is needed before the 210$, this is the area of resistance that would allow for price discovery as well
-There is not much resistance until that point