AMZN has been on a long term uptrend.
Price is consolidating in a symmetrical triangle pattern.
Uptrend continuation ⬆️ - breakout above the symmetrical triangle resistance.
Short term correction ⬇️ - breakdown below the symmetrical triangle support.
Possible price actions are indicated on the chart.
Price is consolidating in a symmetrical triangle pattern.
Uptrend continuation ⬆️ - breakout above the symmetrical triangle resistance.
Short term correction ⬇️ - breakdown below the symmetrical triangle support.
Possible price actions are indicated on the chart.
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Disclaimer
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.