Around $218 is my current bearish trigger. I think it’s good trigger. how do i know? Because we didn’t get triggered today when MARKET was retracing from its huge bearish day yesterday. So when it attempts to trade below yesterday’s low, we will have more confidence when it gets trigger.
Target is around $207. As you can see that line is pretty solid support. On the way down, watch out for 50EMA (purple line), that could act as support and slow it down and that 50EMA is crossing with June 14th low so I would say it has that much more weight to it.
3 thoughts on “$AMZN: Bearish Trigger”
yes it was good trigger because it didnt get whipsawed. When it starts to fall again, that price point should work well
yup i was glad that i didn’t get whipsawed. maybe my trigger was little too tight but I think if and when it tries to go bearish, it will be a good trigger
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