📊 Market Breakdown
AMZN is trading at $222.69, having just broken out of the Golden Fib Zone ($211–$224) after bouncing off the equilibrium (~$206). The breakout puts price on track to test the Premium/Supply Zone ($242.88), but RSI at 56 shows there’s still gas left before hitting overbought territory.
Trend: Strong recovery rally from $161 lows, now riding an ascending channel.
Key Structure: Fib 0.786 retracement level ($224) now being tested; a clean hold here is bullish.
Volume: Breakout volume modest, meaning we still need confirmation from buyers.
Indicators:
MACD: Bullish crossover intact.
RSI: 56.36 – mid-range, plenty of upside potential.
🛒 CALLS (Bullish Scenario)
Buy Zones:
🎯 Aggressive Entry: Retest of $218–$220 support (Fib 0.786 area)
✅ Confirmation Entry: Daily close above $224 with increased volume
Take Profits:
1️⃣ $230 – Minor resistance
2️⃣ $242 – Premium/Supply Zone top
3️⃣ $250 – Channel extension target
Stop-Loss: $216
Why This Works: Holding above the Golden Fib Zone opens the path to supply at $242+ within 2–3 weeks.
🛑 PUTS (Bearish Scenario)
Sell Zones:
🚨 Aggressive Entry: Rejection at $224 resistance
📉 Breakdown Entry: Daily close below $216
Take Profits:
1️⃣ $206 – Equilibrium zone
2️⃣ $190 – Mid-channel support
3️⃣ $161 – Discount/Demand Zone
Stop-Loss: $227
Why This Works: A failed breakout with a close below $216 flips short-term momentum bearish, targeting $206 and possibly $190 in 1–2 weeks.
🔍 Technical Highlights
Golden Fib Zone: Price broke above but needs a retest hold for confirmation.
Supply Zone Test Ahead: $242 is a strong resistance area.
Macro Watch: AMZN often follows consumer spending & retail sales data; keep an eye on macro news.
⏳ Option Expiration Strategy:
1 Week: Rejection at $224 for quick puts
2–3 Weeks: Breakout holding $224 for calls toward $242
AMZN is trading at $222.69, having just broken out of the Golden Fib Zone ($211–$224) after bouncing off the equilibrium (~$206). The breakout puts price on track to test the Premium/Supply Zone ($242.88), but RSI at 56 shows there’s still gas left before hitting overbought territory.
Trend: Strong recovery rally from $161 lows, now riding an ascending channel.
Key Structure: Fib 0.786 retracement level ($224) now being tested; a clean hold here is bullish.
Volume: Breakout volume modest, meaning we still need confirmation from buyers.
Indicators:
MACD: Bullish crossover intact.
RSI: 56.36 – mid-range, plenty of upside potential.
🛒 CALLS (Bullish Scenario)
Buy Zones:
🎯 Aggressive Entry: Retest of $218–$220 support (Fib 0.786 area)
✅ Confirmation Entry: Daily close above $224 with increased volume
Take Profits:
1️⃣ $230 – Minor resistance
2️⃣ $242 – Premium/Supply Zone top
3️⃣ $250 – Channel extension target
Stop-Loss: $216
Why This Works: Holding above the Golden Fib Zone opens the path to supply at $242+ within 2–3 weeks.
🛑 PUTS (Bearish Scenario)
Sell Zones:
🚨 Aggressive Entry: Rejection at $224 resistance
📉 Breakdown Entry: Daily close below $216
Take Profits:
1️⃣ $206 – Equilibrium zone
2️⃣ $190 – Mid-channel support
3️⃣ $161 – Discount/Demand Zone
Stop-Loss: $227
Why This Works: A failed breakout with a close below $216 flips short-term momentum bearish, targeting $206 and possibly $190 in 1–2 weeks.
🔍 Technical Highlights
Golden Fib Zone: Price broke above but needs a retest hold for confirmation.
Supply Zone Test Ahead: $242 is a strong resistance area.
Macro Watch: AMZN often follows consumer spending & retail sales data; keep an eye on macro news.
⏳ Option Expiration Strategy:
1 Week: Rejection at $224 for quick puts
2–3 Weeks: Breakout holding $224 for calls toward $242
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.