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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: RAVINASA who wrote (460)	2/4/2021 2:29:46 PM
From: Bull RidaH	Respond to of 4394

6AMZN - 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 SHOULD TO BE MET PRIOR TO FEB 25TH. But no matter where the stock is on Feb 25th, the clock will have expired for the up move, and it should be sold/shorted.

To: RAVINASA who wrote (460)	2/4/2021 2:51:01 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 4394

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.