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...
Although Amazon is currently moving sideways after following a downwards slope, we expect the course to drop down further below the support line at $87.59 to reach the white target zone between $85.73 and $65.73, where wave (IV) in white should hit its low. Afterwards, the course should turn back up and push above the support at $87.59. As soon as the course...
Hello 🐋
Based on the chart after a long time, correction to the downside the price is close to the round number $100, major support and the channel support ✔️
if
the price doesn't break the round number and the major support to the downside we will see gain from here beside, the range market is an acceptable scenario too 📖💡🚀
otherwise
we can see more gain from...
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Disclaimer!
This post does not...
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AMZN , I think we are going to see a strong upward movement. If you are going to go long now, make sure to place the stop below the previous support area .
What do you think is more likely to happen? Please share your thoughts in...
Hello everyone, as we all know the market action discounts everything :)
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The Amazon stock has dropped since the start of August where we see the price in July was trading near 3604.80 then it dropped to 3329.99 almost an 8% drop and the market...
