AMZN H4: 30% CORRECTION PT BEARS 90 USD SHORT IT(SL/TP)(STOCKS)

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AMZN H4: 30% CORRECTION PT BEARS 90 USD SHORT IT(SL/TP)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: AMZN H4 chart review and outlook
::: maxed out already
::: Currently DISTRIBUTION already completed
::: we broke down on heavy volume
::: this is NASTY looking chart
::: BAD for the BULLS / stay out
::: FED rate hikes incoming / FED PUT is GONE
::: short sell rips/rallies in the throwback move
::: expecting backtest of the recent Distribution Range
::: recommended strategy: SHORT IT / STAY OUT
::: up to 40% correction still possible from here
::: fair value for AMZN is 85/95 USD
::: DO NOT BUY/HOLD here this is NOT A DIP
::: This is stock market meltdown in progress
::: be careful / don't get ran over by the FED
🔸 Supply/Demand Zones
. N/A

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