That chart looks fine when it's expanded. More cowbell wouldn't hurt of course... Holmes over here has a way to set up a chart that even 'the other' spooz (not to be confused with spooztop2) would like. Fresh as the morning dew. Setting up a 2000 Tick chart on Thinkorswim https://www.elitetrader.com/et/thre...k-thats-understood.365269/page-3#post-5570781
“The biggest mistake a fundamental analyst makes is thinking a stock and a company are the same thing. The biggest mistake a technical analyst makes is thinking they are different.” - Phil Roth
I wouldn't call it double/triple top/bottom. the double/triple thing can be a continuation or reversal pattern and it can't be predicted. I'd describe AMZN chart as : AMZN uptrend started in 2009. now it is moving in the range from 2750 to 3750. and it has an upside bias.
I was not the one who exposed himself as math and statistics illiterate to everyone on the forum. And now another nonsense comment and random wiggly lines that is called, what was it, right, technical analysis. So again you refuse to take a stance? Just that it's a triple top based on 3 randomly picked candlesticks. Lol. The same randomness you applied to your correlation claims.
As if anyone who pays attention to fundamentals jumps head over heels into a trade. The most moronic thing in investing and trading is to look at some past candlesticks on a chart and to believe they have any bearing on the future, while basically denying fundamental analysis which includes the accounting for fundamental shifts in all variables that affect an asset. Apparently you rather bet the farm on the past 100 candlesticks than company specific news and shifts in factors that directly affect the valuation. Or broker up and downgrades. Or wars. Or interest rate shifts. Or what the broad market does. Such mindset is the only one moronic here...
More more more! This linked thread needs the touch of a vocal fundamentalist. Head's up! School's in session. What Is Fundamental Analysis? Temp Thread Toward of a Future Section On This Essential Topic. https://www.elitetrader.com/et/thre...uture-section-on-this-essential-topic.344493/
The important part is to note that it's back in a trading range - not the double top./bottom thing. You can get in if you like, but it's still in a battle between bulls and bears. Until it chooses a direction (breakout/down), expect to get whipped around. Having said that, it looks like accumulation. That doesn't mean it is, as bear hooks are thing.