AMZN Interesting Setup
Hello traders !
I have something special for today !
A lot of you guys are saying that AMZN should go up. Yeah,there is deffinitely possibility like that but we should also think about sellers. So I found something what can really pays of if all requirements are met. As you can see,price has already made a diamond pattern. Also on the lower timeframes we are under 200 SMA and trend is probably going to reverse. So when should we start selling ? After the diamond pattern will be broken. I personally expect a little of bullish move because of RSI but then I will be waiting for some reversal signs.
Thank you for reading !
I have something special for today !
A lot of you guys are saying that AMZN should go up. Yeah,there is deffinitely possibility like that but we should also think about sellers. So I found something what can really pays of if all requirements are met. As you can see,price has already made a diamond pattern. Also on the lower timeframes we are under 200 SMA and trend is probably going to reverse. So when should we start selling ? After the diamond pattern will be broken. I personally expect a little of bullish move because of RSI but then I will be waiting for some reversal signs.
Thank you for reading !
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