Short AMZN finished with pinbar candle

Amazon.com, Inc. NASDAQ:AMZN

ZoharCho

The market is in position for a correction.
There is a similar pinbar pattern on the weekly, like the previous drop.
Expecting a drop in AMZN to materialize.

Look at the daily, there was a gap down on earnings, a warning of what is coming ahead.

If long, we would expect after the gap close, to continue higher, especially after Fed announcement about the interest rate.

Since it did not materialize to the long side, then the hypothesis of long, is now invalid.

Hence, the hypothesis of short, is more likely.

source https://www.tradingview.com/chart/AMZN/7kcpW2nU-Short-AMZN-finished-with-pinbar-candle/