Amazon’s trajectory has been quite impressive, and we can expect the stock to lead the charge if and when the broad averages take another leap. Regardless, AMZN can also serve (along with AAPL) as a bull-market bellwether. This implies that it will need to punch through the 453.68 midpoint pivot shown to develop a head of steam sufficient to reach the 492.80 target. Because AMZN has already tripped a conventional entry signal at 434.11, you should trade with a bullish bias. However, rather than accept the implied $2000 entry risk per round lot (i.e., buy at 434.11, stop 414.54), I’d suggest cutting it down to as little as $40-$60 using ‘camouflage’. This implies using an ABC-type pattern of much smaller degree to get long. The prospective one shown, for instance, would entail initial risk of about $400 per round lot — still too much, but improvable by zooming down to charts of even lesser degree.
