AMZN Possible Head Fake Trade.

Late last week I said I thought AMZN would break out above $200 as centennial marks are a magnet for traders (why do you think if it was on sale it would be $199.99-because the mind gravitates toward whole numbers).

I was hoping to see distribution above the breakout level setting AMZN up as a possible head fake breakout or bull trap.

 Here's the resistance breakout level below $200, but as I mentioned about $200 exerting a gravitational force psychologically.  The daily candle is close to a bearish shooting star, it would still need a day down tomorrow for reversal confirmation.

 AMZN quickly turning on volume and shitting stops below the 5 min 50 bar average-day traders!

 The 1 min is in line with trade, trend confirmation

 The 2 min is clearly negative, this is the distribution I was hoping to see possibly setting up a bull trap.

 The 5 min chart is falling apart as well, it couldn't confirm today and quickly went leading negative.

 There is the issue of the 30 min chart still in line, but I suspect the shorter timeframes getting so negative o quick will filter through to the longer charts.

 A possible short entry for aggressive traders would be below the 60 min trend channel at $204 or below actually.

The other two short entries would be below $200 and below the trendline (support), note volume picking up on a shooting star, that looks like bearish churning.