[Premium] $AMZN 18%-20% Trade Setup If This Level Breaks

Nov24amzn

This is a trade setup for AMZN (Amazon) Nov 24, 2015 on the 30 day 1 minute chart…potential move is 18%-20% if it breaks this exact level.

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Best case scenario:  The W1 started at 623, travelled 5 waves up to 685 and corrected in a W2 to test previous 4 support at 659 (held 660)…now the rally off the lows..if it takes out 679, it could form a very large Wave 3…it would make sense since it fits within the longer term Aug bottom W1-W2-W3 scenario…800 could be hit by Jan or as early as late Dec very quickly based on this powerful formation.  So I’d wait or place a stop to buy a 679 to setup this move.

Worst case scenario: Failure at 675 and a full C wave drop to test 618 support at 650.   To prevent this scenario I’d simply wait until 786 breaks at 679 first before going gung ho here.

What I’d do:  I’d go ALL IN At 679 if it breaks today as this is a 1-2-3 setup following the SPX And COMP.

 

 

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The secret of many top analysts and traders...(in fact mutual fund managers, hedge fund traders and even a couple seat owners of the NYSE are subscribers!) Wavegenius.com. Ted "Wavegenius" Aguhob since 2001 has profited on 80%-88% of his trades EVERY year since the inception of his blogs and websites..Ted has made and incredible amount of calls during this period including: 1778% gain in 03-04 from swing trades, The 2009 bottom lows of S&P DOW and NASDAQ literally right on the number, the massive 3rd waves when SPX made it's run from just over 1000 to 2400+ that we're seeing now (these calls were written by Ernie Varitimos on articles on the FRONT PAGE of TheStreet.com, Yahoo Finance and MSN Money for a week), The exact all time low of Apple and Facebook and the huge move that followed on Youtube videos, and he's had Top 20 Charts of stocks that 90%-100% of the time were accurate...at the time the calls were considered insane to most and hundreds of his charts have been like that..until they actually happened...as a result Ted with a tiny audience made almost $177,000 in 2013 as one of the top earning blogs in the country. His following is beyond fanatical, and has been hidden away for many years with many websites and competitors refusing to partner with him..mostly because he'd walk in there and take away many subscribers and traffic from them...

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