SHORT AMZN - Potential Head & Shoulder formation short from $844.33

AMZN forming a potential head & shoulder. We would like to take the advantage from the top when it is forming the second shoulder, and a break of $844.33 will be a good entry point.

For trade we would consider $850 Apr/May-17 Puts, last traded for $23.75 & $38.02 respectively.

• Trade Criteria * Date First Found- February 23, 2017 Pattern/Why- Potential head & shoulder Entry Target Criteria- Break of $844.33 Exit Target Criteria- $802.13 Stop Loss Criteria- $858.13

Please check back for Trade updates. (Note: Trade update is little delayed here.

On chart! http://ift.tt/2lDMUcn

Submitted February 24, 2017 at 12:51PM by FB_XIII http://ift.tt/2lBT0LJ