AMAZON: Could be in trouble
See the monthly picture of Amazon. This is not a confirmed double top as yet. But there could be trouble if it turns out to be. I always look to the higher time frames to see what influences may be ahead for lower time frames.
Note that most of Amazon's boom is in the era of 'free-money' supplied indirectly via the FED.
If Amazon is going to break down (and have a correction) then it'll be most visible on a 4H to 6H time frames.
Note that most of Amazon's boom is in the era of 'free-money' supplied indirectly via the FED.
If Amazon is going to break down (and have a correction) then it'll be most visible on a 4H to 6H time frames.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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