Short the AMZN Pullback
I'd recommend watching that top red trend line very closely if you're planning to hold AMZN. If the share price rejects it, the price will drop fast.
We saw a correction similar to this earlier in the year. The blue arrow notes the point at which I believe we are in this correction.
I'd shoot for the 50% fibo or even the blue monthly support trend line if I were trading it...unless the top red trend line is broken and we get a few days where the price closes above it.
We saw a correction similar to this earlier in the year. The blue arrow notes the point at which I believe we are in this correction.
I'd shoot for the 50% fibo or even the blue monthly support trend line if I were trading it...unless the top red trend line is broken and we get a few days where the price closes above it.
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