Amazon continues to move below the lower bound of the ascending channel it breached two weeks ago but is moving upwards towards 1885.01 resistance.
The Fibonacci retracement rate of 61.8% formed support for the price and pushed it higher.
The price action is above the 7-20 moving averages which turned …
The stock is trading within the upper range of the downward price channel. A breakout of the price pivot zone 120.40 will result in a breakout of the price channel. Awesome Oscillator shows a Bullish divergence, and Stochastic Oscillator shows exiting from the oversold zone.
Trading ideas:
Buy above 120.40. …
The overall movement of the currency pair is downward. The ascending design of the N4 level tested 50% of the descending design. The ascending construction is truncated, and the Bearish divergence formed on the Awesome Oscillator. The inclined channel of the ascending structure is punched. A descending construction is formed …
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