AMZN was down by as much as $90 Monday after having overshot the midpoint Hidden Pivot support at 1360.32 shown in the chart. The breach was $5 — not quite enough for us to assume that more downside to the pattern’s ‘D’ target, 1265.42, is a done deal.  But neither is the so-far $24 bounce reason for bulls to get excited; in fact, the rally would need to surpass the pattern’s point ‘C’ high at 1455.22 to turn the hourly chart even mildly bullish.  Please note, though, that a mere 1407.77 (i.e., the green line) would trip a ‘mechanical’ short, stop 1455.23. I’m not recommending this trade except to those who know how to craft a ‘camouflage’ entry trigger that would reduce the initial risk of around $4800 per round lot to a theoretical  $120-$150. _______ UPDATE (April 2, 7:02 p.m. EDT): The stock ended the day on an upswing, but it will have no bearing on the analysis above. Click here for a chart that shows a camouflage entry set-up that would have produced a profit of about $800 so far, albeit with initial risk of around $370 per round lot. _______ UPDATE (April 4, 7:45 p.m.):  After playing toe-sies for four days with the 1360.32 ‘hidden’ support, AMZN finally got off the launching pad with a thrust that has turned the hourly chart impulsively bullish.  Traders can use the rally pattern A=1373.13 (1:30 p.m.) to craft a ‘camouflage’ entry trigger.  If point B winds up being no higher than 1415.39, this trade will enjoy very good odds.  Even if you don’t do the trade, you should monitor it nonetheless, since the set-up has the potential to produce a big winner with relatively little initial risk. ________ UPDATE (April 5, 6:07 p.m.):  The trade recommended above worked beautifully, producing a gain on paper of as much as $6000.  Here’s a chart that shows how it played out. Whether you trade AMZN or not you should take note, since the same risk-averse tactic can be applied just as effectively to trade a $50 stock.