Amazon Retracement to .618 in Bullish Bat

RSI hit 60 on a death candle stick of -6 from top intraday. Last time it hit 60 it dropped from there, and the death candlestick supports that
Bullish bat may be forming along top trendline, waiting for .618 retracement before possibly going long into earnings. If it drops below the .618 before earnings will probably rethink.

Kommentera:

For the record, this isn't a 'true' 'bullishbat'. But it's also speculation of the consolidation formation in the future. Guess we'll see what happens though, since it's really just an idea instead of a signal and I'm waiting.