AMZN: M-top pattern?
A price action below 184.00 supports a bearish trend direction.
Increase short exposure for a break below 183.00.
The target price is set at 174.00 (its 38.2% Fibonacci retracement level).
The stop-loss price is set at 193.00 (the start of the retracement).
It will appear that an M-top pattern is busy developing.
Remains a risky trade.
Increase short exposure for a break below 183.00.
The target price is set at 174.00 (its 38.2% Fibonacci retracement level).
The stop-loss price is set at 193.00 (the start of the retracement).
It will appear that an M-top pattern is busy developing.
Remains a risky trade.
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