This looks like a diamond pattern on AMZN.
I have taken puts here with the stop just a little way above (it would have to break this level to invalidate the pattern in my view).
The diamond pattern is clear.
There is the initial high, the low, the higher high, the lower low, and the return to the original range.
I have no idea why or what fundamental reason could cause AMZN to dip here, but, fundamentals don't work in this market and I have to trust the price action (but with tight stops and take profits naturally)
If it resolves, it will conclusively break the lower trendline. I suspect that the bottom will be the point-of-control on the volume profile.
If it invalidates, it will take out the September highs and this will correlate to the SPX and NDX melt-up.
Trade carefully and watch this form closely.
I have taken puts here with the stop just a little way above (it would have to break this level to invalidate the pattern in my view).
The diamond pattern is clear.
There is the initial high, the low, the higher high, the lower low, and the return to the original range.
I have no idea why or what fundamental reason could cause AMZN to dip here, but, fundamentals don't work in this market and I have to trust the price action (but with tight stops and take profits naturally)
If it resolves, it will conclusively break the lower trendline. I suspect that the bottom will be the point-of-control on the volume profile.
If it invalidates, it will take out the September highs and this will correlate to the SPX and NDX melt-up.
Trade carefully and watch this form closely.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。