I didn’t notice this pattern until after-the-fact, but I am presenting it anyway as an encouragement to trade AMZN against the trend. As you can see, a downtrending ABCD that took ten weeks to play out has turned very precisely from its D target. The bounce looks exact-to-the-penny, but it actually occurred from a low that was 41 cents above the Hidden Pivot. If the one-off ‘A’ had been used, the turn came from within $1.31 of the target — not perfect, but good enough for a CETA worker to have established a long position near the low without taking much risk. Since the low took so long to reach, it stands to be an important one. Accordingly, traders should position from the long side for now, using ‘external’ peaks off the 15-minute chart or less to leverage subtle entry signals.
