AMZN: We nailed the TOP! What to expect next?

• Since our last analysis on AMZN, we nailed the top on it, thanks to our Multi Time Frame Analysis (MTFA) in the 1h and D charts (link to our previous analysis below this post, as usual);
• Now, AMZN is in a bear trend in both, 1h and D charts. In theory, it is supposed to fill gap at $86.82;
• Only if AMZN does a strong bullish reaction, and breaks the 21 ema (1h) we would see this bearish scenario frustrated;
• If AMZN reacts, and breaks the $101 area seen in the daily chart, it would trigger a mid-term reversal structure, a bullish pivot point;
• Therefore, this trend will be dictated on how it’ll react in the 1h chart, and if it breaks the $101 in the daily chart. I’ll keep you guys updated on this, but for now, let's kee these key point in mind.

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AMZNgapMultiple Time Frame AnalysismtfanalysisSupport and ResistancesupportandresistancezonesTrend Analysistrendanalysisexplained

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