Amazon Testing Neckline of Head & Shoulders Pattern

Trade Idea: Head & Shoulder Breakout


Amazon stock seems to be forming a head & shoulders pattern on the edge of final resistance level . Now that price is at the end of the pattern formation, look for a break and consolidation below the 1615.00 neckline. 

Amazon Testing Neckline of Head & Shoulders Pattern by EmpowerTrader on TradingView.com

Trade Step-up: Short

Scenario: Wait for price to consolidate below 1615.00 to confirm the bearish breakout. Look to profit at 1450.00 & 1400 respectively.

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