$AMZN TOP 20
Added 2023-12-10 09:27:31 +0000 UTC$AMZN has been consolidating sideways now for over a month, since the 7th of Nov, forming a wedge here now which is a bullish formation when the trend leading into the wedge is upward....so like $ADA, the trend leading into the wedge will likely break to the upside.
The pull back has been shallow and scratching the 0.23 Fib, not nearly as much as we'd like and I have not added here yet but a break out here may be enticing to add.
Ideally a break down to the trend line and 0.38 Fib at $136 is the best case scenario to add....so if you are thinking of adding....consider saving some capital incase a pull back happens to $136.
Comments
A break to the upwards will be a big bullish sign for the short term?
Tomer Altman
2023-12-10 09:29:54 +0000 UTC
