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AMZN D1: TP HIT+ 30% GAINS PT BEARS SHORT IT(REPLAY)(STOCKS)

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NASDAQ:AMZN   Amazon.com
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AMZN D1: TP HIT+ 30% GAINS PT BEARS SHORT IT(REPLAY)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: AMZN daily chart review and outlook
::: original setup posted on July 21st
::: SHORT alerted from overhead
::: 30% GAINS TP HIT already congrats
::: maxed out already
::: Currently DISTRIBUTION already completed
::: we broke down on heavy volume
::: this is NASTY looking chart
::: BAD for the BULLS / stay out
::: FED rate hikes incoming / FED PUT is GONE
::: short sell rips/rallies in the throwback move
::: expecting backtest of the recent Distribution Range
::: recommended strategy: SHORT IT / STAY OUT
::: up to 40% correction still possible from here
::: fair value for AMZN is 85/95 USD
::: DO NOT BUY/HOLD here this is NOT A DIP
::: This is stock market meltdown in progress
::: be careful / don't get ran over by the FED
🔸 Supply/Demand Zones
. N/A

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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