Profiting From AMZN's Time/Price Set-Up
We recently had a time/price setup in Amazon (AMZN). Key price support came in at the 3101.84 area. The actual low was made at 3101.21 yesterday, which also conformed with timing cycles that were due Aug 3-6. This was followed by buy triggers on the 5-min, 15-min and 30-min charts.
Now we've already had a $95 rally, but if the low is more important, 3286 is target 1, 3336 is target 2, and the bigger picture target 1 is 3468.
I'm wrong if we break the recent low.