AMZN is Still in a WXY Correction Structure

As we can see in the chart, Amazon(AMZN) WXY correction is in blue and we expect more downside to around $60 only when the wave (Y) in blue and Wave ((II)) in black are complete.


Technical Analysis:
- H1 & H4 Right Side are Turning Down
- Technically AMZN has now 5 waves down and has a strong correlation with NASDAQ - that's why we expect that it extends lower to around $60 where smart buyers will must appear and we'll like to do an edging buy.

Trade active:

Technical Analysis:

- Don't buy AMZN in short term
- In short term AMZN continues to extend lower
- H1 & H4 Right Side are Turning Down
- We need to check the Correlation with NASDAQ

Trade active:

Technical Analysis:

- AMZN is about to complete a wave ((2)) in black as you can see chart
- If the invalidation level 1 crosses will take place a bounce in WXY correction
- We expect it continues lower to complete wave C in red around $58-$60 where smart buyers will must appear
- H1 Right Side is Turning Up
- H4 Right Side is Turning Down

Technical Information:

- Wait for correction to be completed in order to buy
- Don't sell AMZN

Trade active:

Technical Analysis:

✅ OUR LAST WEEKLY CHART IS VERY CONSISTENT WITH OUR OTHERS PUBLISHED WEEKLY CHARTS

- AMZN is about to complete a wave ((2)) in black as you can see in the chart
- If the invalidation level 1 crosses will take place a more big bounce
- We expect that price continues lower to complete wave C in red and wave ((II)) in black around 60 where smart buyers will must appear
- H1 & H4 Right Side is Turning Down


Technical Information:

- We expect smart buyers will arrive at around 60
- Don't sell AMZN now as it can do a double b correction in red