It looked like an ascending triangle. But a head-shoulder pattern has formed with volume confirmation. It usually is not a good sign. My bias is still a bit up. But if the price breaks the micro support line, I would be neutral-bearish before the price holds at the bottom support line. I do have mid-term calls open now as I still think AMZN will make a higher high soon based on the current atmosphere. The fight at the end of ascending triangles has become more complicated nowadays with more microstructures and false breakouts.

Penafian

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