#AMC #AMZN #SE Weekly Stocks Technical Analysis + Fundamental Headline News
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Price has broken market structure to the upside, leaving behind the fair value gap at 4.31. I'm expecting this bearish retracement to bounce off from this current bullish POI or to fill the fair value gap lower before continuing with the bullish order flow.
Price is still within the bearish POI where a bearish retracement can happen. There is some bearishness in the price right now, with sell-side liquidity being built over the past few weeks. I'm expecting price to go lower if we get a confirmation on the lower timeframe. If not, the highs at 114.00 is at risk of getting taken out.
Price has broken market structure to the upside, leaving some fair value gaps behind. The target for this up move is potentially the highs at 88.84, which price will take the liquidity and move lower. Price will either mitigate the bullish POI at 76.91 next, or simply fill the fair value gap at 82.38 before moving higher, following the bullish order flow.
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Could you please provide more detailed explanation? I'm having some trouble understanding it