Amazon has developed a Diamond pattern that's visible on the daily and weekly TFs Diamond patterns a neutral and can break out in either direction but looking at the price action AMZN has shown within the pattern gives me somewhat of a bearish bias as it looks toppy so I will be playing this to the short side I have the short setup plotted on the chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.