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AMZN Predictions for December 2023 (Early Access Public)

Updated: Apr 24



  • Month’s Theme: A failed attempt to break through key resistance followed by a decline through key support. That’s crossed with bumping along resistance sideways.


  • Behavior Around the High: A failed attempt to break through key resistance at the high followed by a decline through key support off of the high.


  • Behavior Around the Low: Bumping along resistance near the low.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a partial short position on the 6th and the other part on the 7th. You could close that on the 12th.


Overview


On the 1st, we’ll have a period of sideways rotation where we’ll rise to meet the nearest resistance and then fall back down to continue rotating sideways.


On the 4th, there’s a significant move higher on at least a one-month chart. There’s a peak between the 4th and 5th that we’ll sell off from pretty notably. On the 6th, there’s a gap up into another prominent peak or crest and a sideways S-formation in the midst of a decline. We’ll gap up on the 7th and then have a significant move to the downside. There’s some flat chart behavior on the 8th. There’s a notable gap up over the weekend.


I’m advised not to chase a rally early on the 11th. There’s a drop into a significant trough later on the 11th. There’s a lowest low thus far on the 12th. There’s a failed attempt to break through key resistance followed by a decline through key support into a prominent low for the month....



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