Price had a daily breakout. 1H chart shows bullish move. Price is currently in a bearish 1H pullback. Fib level drawn on 1H bullish swing low to swing high. Waiting for price to retrace bearish from 38.2% to 61.8% fib levels. Waiting for Price to breakout above descending 1H trendline. Buy on a 1H close above 1H trendline. TP is -61.8% fib level @ 1970 Find your own SL
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1st long trade - candle close above descending trendline 2nd long trade - candle close above swing high resistance level @ 1900.
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NASDAQ NOT NYSE
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Here is a Day Chart of AMZN. Price may rach TP 1970 next week.
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I wrote this retrace unclearly. Price could retrace anywhere between 38.2% to 61.8% before it returns bullish continuation.
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Redrew descending trendline with new high wick
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waiting for a 1h candle close above 38.2% fib and trendline.
"Waiting for price to retrace bearish from 38.2% to 61.8% fib levels" Are you expecting a retrace after testing $1900 and dropping to $1870 or so? This week?
FMLTrader
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What do you mean 1/2 size position? How?
SwissVegaPhyle
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How do you mean 100% of daily volume
golfer30
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@swiss2bbq, It said average volume not daily volume