AMZN has been on a long term uptrend.
Price is consolidating in a symmetrical triangle pattern.
Uptrend continuation ⬆️ - breakout above the symmetrical triangle resistance.
Short term correction ⬇️ - breakdown below the symmetrical triangle support.
Possible price actions are indicated on the chart.
Price is consolidating in a symmetrical triangle pattern.
Uptrend continuation ⬆️ - breakout above the symmetrical triangle resistance.
Short term correction ⬇️ - breakdown below the symmetrical triangle support.
Possible price actions are indicated on the chart.