The retest now of the Bezos line has been beautiful and I am very glad that we stuck with this and did not panic just because the $200 line was not held 2 weeks ago, this is why you need to give the price action time to fight and recapture a support line
A loss of a line does not mean a reversal, a rejection trying to recapture that line from below would be a bearish indication and a sign of a reversal to the downside.
$AMZN has also cut through the $220 level with ease
I have noted $234 and $245 as my bullish targets in this clear melt up move.
Gareth Neary
2024-12-08 22:01:44 +0000 UTCDC
2024-12-08 21:52:54 +0000 UTCDipen Patel
2024-12-08 18:54:40 +0000 UTC