AMZN

Daily price is located near and inside Ichimoku cloud for trying to break the support level at 233.59 to below for the primary bearish reversal to be started. Chinkou Span line of Ichimoku indicator broke the historical price to below for the strong breakdown to be started for the possible bearish reversal of the daily price movement. If the price crosses the 233.59 support ot below so we may see the primary bearish reversal with 196.00 as a possible target. If the price breaks the resistance at 256.54 to above so the primary bullish trend will be resumed with 278.56 target to re-enter, Alternatively, the price will be on secondary ranging to be inside and near the Ichimoku cloud waiting for direction. Trading Summary : breakdown with the possible bearish reversal