AMZN - Long - Echo of the Larger Pattern -> Diminished Timeframe
This chart has been bothering me since AMZN retraced perfectly to the 25% extension. It's been moving northward ever so steadily since. What this tells me is that the plunge must have been a mechanical correction which should allow the bulls ample buying motivation, setting in motion smaller harmonic waves within the original projections. I suggest, if this pattern completes as I suspect it will, we will see another smaller retracement to the ~973 price action before gaining enough momentum to propel it to completion at 1018.
If this level is hit, then the larger, older pattern would still be in play -> trying to complete at the nosebleed upper stratosphere of 1063.
jeffbezos, "Alexa, buy me something at Whole Foods."
Alexa, "OK buying Whole Foods."
If this level is hit, then the larger, older pattern would still be in play -> trying to complete at the nosebleed upper stratosphere of 1063.
jeffbezos, "Alexa, buy me something at Whole Foods."
Alexa, "OK buying Whole Foods."
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