Long term chart on Amazon $AMZN (link) shows our secure target at 2106, long term charts are on Operational Layout.Next is AltC Layout (link).
In Summary we are planning two entries, one close to 1700 and one close to 1600. While on OPL link AMZN should hold 1668; a 7% deviation lead us to the M-line, currently at 1543.75 on Joel Withun’s MB chart, so by adding our second tranche on any spike toward 1620 we should be talking about a 3% additional deviation of “our planned second purchase”. And we plan to do two purchases on AMZN because our position there is necessary and we have tried hard to establish a solid position, but you know it is expensive.
Using the same AltC Layout, the 20 MA is at 1593 (link) and just below this level; the 2.618 extension of the subwave at 1554. So our levels, while imperfect are the best we can offer at the moment, the range to add should better defined this way; 1st range: 1720/1700 and the 2nd range: 1653/1600. Things get less complicated when we use the target at 2100 to measure R/R.
Internal Additional Information
Off the last 1346 lows on Alt4M (link) 1640 is 1% standard retrace. On Alt4M I used a grey ellipse, and micro charted that ellipse, and the 1% of this ellipse is 1725 (link) on Moon Phases.
The difference on alt Alt1M is that I used 34.68 as the bottom versus the 25.76 I used for OPL Layout…Hits on Alt1M are more accurate, and from macro extensions to macro extensions, the 3.618 support is at 1637; the baking of all this supports is at 1653, versus our target at 2100 area. All this is in on Alt1M (link).
Stay Tuned… Good luck
Our last report from one of our portfolio (LINK)
Again we will give more detailed trade setups and targets, please check us our Chat Room..as low as 15 dollars.. check this link for options
Access to the Trade of the Week Click Here
Seeking Options Team – RQLAB Please email us if you want to be part of this group at [email protected]
U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which SeekingOptions.com will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors. SeekingOptions.com is not a registered investment Advisor or Broker/Dealer. TRADE AT YOUR OWN RISK
