Amazon in dangerous territory here.

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Brown trendline represents the head and shoulder neckline. Yellow neckline is the rimline of an inverted cup and handle. Both essentially have the same breakdown target. Price needs to get above these trendlines soon to avoid triggering the breakdown.

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ملاحظة

Full measured move target is 16.95 which would be a massive dump were it to happen *not financial advice*

١٤ يوليو ٢٠٢٣

ملاحظة

Good save amazon. Lookin like it may have indeed been a convince fakeout.

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ملاحظة

Not out of the woods just yet though.