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
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
🏆 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
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.