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AMAZON is sitting around a daily resistance in blue so we will be looking for sell setups on lower timeframes.
on M30: AMAZON formed a double top pattern, but it is not ready to go yet.
Before we sell, we want the sellers to prove that they are strong enough to take over again.
Trigger => Waiting for a momentum candle close below the double top neckline to sell (gray zone)
Until the sell is activated, AMAZON would be overall bullish and can still dive inside the blue resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AMAZON is sitting around a daily resistance in blue so we will be looking for sell setups on lower timeframes.
on M30: AMAZON formed a double top pattern, but it is not ready to go yet.
Before we sell, we want the sellers to prove that they are strong enough to take over again.
Trigger => Waiting for a momentum candle close below the double top neckline to sell (gray zone)
Until the sell is activated, AMAZON would be overall bullish and can still dive inside the blue resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT