Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
AMZN is sitting around a strong support in green 80.0. For the bulls to take over long-term, we need a break above the blue zone AND upper blue trendline.
Meanwhile, since we are around a support zone, we will be looking for buy setups on lower timeframes.
๐นon H4: Right Chart
For the bulls to take over, we need a break above the red channel and previous major high in red.
Meanwhile, until the buy is activated, AMZN can still trade lower inside the weekly support.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
AMZN is sitting around a strong support in green 80.0. For the bulls to take over long-term, we need a break above the blue zone AND upper blue trendline.
Meanwhile, since we are around a support zone, we will be looking for buy setups on lower timeframes.
๐นon H4: Right Chart
For the bulls to take over, we need a break above the red channel and previous major high in red.
Meanwhile, until the buy is activated, AMZN can still trade lower inside the weekly support.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
for 50% discount use coupon: BD2024
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
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cutt.ly/TickmillReal
www.RichTL.com
for 50% discount use coupon: BD2024
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal