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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.275+0.1%Dec 24 12:59 PM EST
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To: RAVINASA who wrote (460)2/4/2021 2:51:01 PM
From: Bull RidaH  Read Replies (1) of 4429
 
AMZN - Hello RAVINASA!! Welcome to the thread and thanks for the prompt on AMZN. I definitely needed to take a more expansive view of that chart again, as a fresh look provides a whole new game plan.

As you'll note in the chart below, a DIAMOND formation was completed last year, which has a 3970 reversal/topping target set in stone. With diamonds, its important to count the number of trading days completed INSIDE the diamond. In this case, 95 trading days were spent inside the diamond. 50% of the days spent inside of the diamond are allotted (48 days) to achieve the target post breakout. 34 days have elapsed since the breakout, so that means 3970 NEEDS TO BE MET PRIOR TO FEB 25TH.
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