Bear flag forming on AMZN; could head lower.
Amazon (AMZN) is currently forming a bear flag formation. Price has been consolidating along the 200 day moving average, with downward pressure from the 50 day moving average. Watch for a break below the 200 day moving average that I have colored in Red. If that happens, Amazon could return to the 1560-1620 support zone, as the measured move of the bear flag lands the price close to that region.
MA Guide (All daily for this post):
50 day MA in Green.
200 day MA in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> binance.us/?ref=35000668
MA Guide (All daily for this post):
50 day MA in Green.
200 day MA in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> binance.us/?ref=35000668
Catatan
Here's a bit of a cleaner view of the bear flag formation: Catatan
Hanging right around that 200 day MA: Catatan
Broke below the 200 day moving average, heading toward that support box: Catatan
Tagged daily 377 EMA in Grey to a tee: 
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
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FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.