Based on certain cycles and price-pattern confluence I will take a short position in Amazon when it reaches 1900 tomorrow after delivering over analytics estimates. This will be a Nice short since bagholders will be in euphoric state of mind as the herd always is.
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Took a look at stocktwits, my favourite site for checking out the sentiment. It is brewing for perfect storm over the weekend.
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I have the cycle peak in the midst of the weekend. That mean I will undertake the trade late in the trading day as the institutionals will hand over to bagholders as the highest price possible.
Trade aktif
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20 usd from my target., dont like it, but timewise; I will be in. I will add on monday in case we rise
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:)
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Secured some profits that will be re-invested on bounce