+$354 AMZN Stopped Out False VWAP Breakdown, flipped VWAP Breakout Success!
After an initial strong selloff on AMZN there was a buyback and a falling wedge pattern forming. I thought we would break LOD and test Pre-Market Low. We squeezed to VWAP and I stopped out. We held VWAP and I flipped LONG for HOD Break and added heavily anticipating the break. We tested VWAP again but snapped back up, added more with confidence. Targets were Previous Day Close, Previous Day High, and large ASK at $178.
The trade took longer than I would have liked. Paint was drying I that day. Patience Richard Parker!
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#AMZN #AMAZON #STOPPEDOUT #VWAPBreakdown #HODBreak