AMZN gapped down at the open with the general market, rallied above Friday's late session high, but that high was a "trick:" it was a Reversal candle.
Giving some confirmation that it was, indeed, a reversal was another "trick:" an upside Fakeout/Breakout (red arrow) out this Symmetrical Triangle, which quickly reversed back inside the pattern on an Inverted Bearish Hangman, then The Bears broke below it. That "shouldn't" have happened after the upside breakout, which gave a strong suggestion that the breakout was a fakeout.
I shorted 2,000 AMZN at 216.02 (white arrow) on the retest rally, back to the bottom of the broken pattern and to the bearishly inverted EMAs.
I covered minutes later, at 114.72, on the fast selloff back to the session low after the failure at the EMAs, for a nice Halloween treat ;)
I'm going to take some time off from posting. Been working too hard, but I'll be back. Happy Halloween, everyone!
Gain: $2,600
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