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AMZN downtrend chart on hourly, bounce to 61.80 on that 150 tick chart.

 

i prefer the same as well, but after such a hard run, i usually put out initial small positions, on the chance that it runs hard *and* i can't short it later, so there won't be much pain.

i put on the size after i see a top in place.

 

The upper downtrend channel on 150 tick chart is at 61.90:

 

Or going short right here on the small trend channel break and volume change candle, $61.68 is the pivot.

 

Amazing how long it trades around 61.68, quite a battle around the pivot between long and short:

 

AMZN - a "M" is in making after touched the upper trendline -

 

AMZN, from my indicators, might get up to squeeze another, maybe final, group of shorts, at 62, 62.25, 62.75, 63; but maybe not higher than that. Just my thought, I am curiously watching, refrain myself from trading it at all.

 

A M formation is done. Possible higher low (test bottom):

 

Go long if break that downtrend channel:

 

Again, pulling back from the upper down trendline: