The market is in position for a correction.
There is a similar pinbar pattern on the weekly, like the previous drop.
Expecting a drop in AMZN to materialize.
Look at the daily, there was a gap down on earnings, a warning of what is coming ahead.
If long, we would expect after the gap close, to continue higher, especially after Fed announcement about the interest rate.
Since it did not materialize to the long side, then the hypothesis of long, is now invalid.
Hence, the hypothesis of short, is more likely.
There is a similar pinbar pattern on the weekly, like the previous drop.
Expecting a drop in AMZN to materialize.
Look at the daily, there was a gap down on earnings, a warning of what is coming ahead.
If long, we would expect after the gap close, to continue higher, especially after Fed announcement about the interest rate.
Since it did not materialize to the long side, then the hypothesis of long, is now invalid.
Hence, the hypothesis of short, is more likely.
🏆 There is only #1 way to trading
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🏆 There is only #1 way to trading
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.