Users: Violet: s3.amazonaws.com/cdn2.soci..._A8rw6F_l.png

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AMZN may close the week with a double doji tomorrow, and the negative divergence does warrant caution.

Comments

VioletViolet
...and I neglected to note the additional negative divergence of price increase:volume decrease. 7/26/18
In Sept of 2012 I was still in a trading club. One guy said AAPL was a "forever" stock and he was going to keep it in his portfolio forever. There were daily doji's and a weekly doji there, as well as a prominent MACD divergence. In fact I pointed them out, some said I was crazy and that chit don't work. It went down to $55 for a double bottom many months later for a buy. Some on Slope were knocking themselves out getting in early, getting stopped out on the way down to $55. Of course AAPL is at $194 now, so I don't know who was correct.  
I learned just again Sunday night not to comment on others trades, and this is not a comment on your trade. Just something that happened in a land and time far away. I always wish each and everyone the best of fortune in this crazy business. ++ on your comments Violet.  
 
PS Go look at AAPL dailies and weeklies in Sept 2012. Incl the MACD.  
 
Also there was an older guy that chaired the club, and every meeting he would say well I guess we are still in an uptrend, no matter how much the SPY SPX had pulled back. I thought maybe he was 'nuts'. Hope he kept his portfolio. Another guy was the best trader ever, and his wife as well. He finally went back to work in his business, and she back into her profession. They bought a mix of stocks with their trading account and let it ride. Will have to look those guys up. He showed me buying wedge breakouts. Look at all the wedge breakouts up yesterday on the /ES 5 min chart. Another gal in the club, she learned me a bunch of stuff, things that happen intra day still. And another guy showed me one thing that happens every day still. They are on today's /ES intra day charts. This same stuff shows up on larger timeframes. Just sharing. Learn from every source you can. Truly best of fortune to you Violet. 7/26/18
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