AMZN held support of last week's lows, formed a mini inverted H&S on the 1 minute timeframe, setting up a scalp long. I took a partial at full extension. Price then retraced back to base of initial entry for a successful retest of the base. Added back full share size on break of next mini-base. Exit at 200% of initial setup. Final scalp into the close.
2 comments:
Wow. AMZN produces some solid intra-day signals. As far as the daily goes-What does it look like to you? Rounded pattern, double top, or something else? Thanks.
N_T,
At the moment it looks bullish, perhaps forming a handle after testing all time highs. Earnings on Thursday will be key. AMZN needs a big beat otherwise it will be a fade IMO.
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