$AMZN - Indecision Candle below the 20DMA
$Amazon.com(AMZN)$ - Indecision Candle below the 20DMA:
This hanging man type candle is usually bearish, and the daily volume indicates the formation has validation.
It's also important to watch the oscillator, which shows a bullish crossover coming from oversold levels.
What is more important here: Price action or Oscillator?
The occurrence in August suggests that bullish continuation is likely.
Measuring risk with Support levels is key, and being mindful of $Cboe Volatility Index(VIX)$ .
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