AMZN: there's strong support here, but I'll wait for TL touch
Atualizado
This would likely be a daytrade or 1-2 day swing when this transpires anyway.
If I miss out on the reversal, it's better than entering too early.
One strategy is to enter slow, but that can be detrimental if you don't know what that means and if you don't have discipline.
Also there's a h/s on the 4hr candle-chart. So I'll wait.
Look at my AMZN short from yesterday. Paid well and hit targets. Puts are at least +100%.
If I miss out on the reversal, it's better than entering too early.
One strategy is to enter slow, but that can be detrimental if you don't know what that means and if you don't have discipline.
Also there's a h/s on the 4hr candle-chart. So I'll wait.
Look at my AMZN short from yesterday. Paid well and hit targets. Puts are at least +100%.
Nota
Update: Now on trendline. Good stuff if you waited as well.I cloned the TL to show that there's a possibility of a fakeout to the cloned TL.
Nota
Always good to track your trade on the lower timeframes and look for patterns in or against your favor.Here's a mini inverse head and shoulders:
Nota
Took DT profits +30% on target 2. Still think this will continue into tomorrow.Nota
Target 3 achieved.
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