Why AMZN Stock Price Drop w/ better than estimated result?1/8/21

AMAZON stock price may be forming a expanding flat pattern ABC (Cyan/light blue) wave .. where price could reach at around 2688 an about 19.22% drop from current level of 3327.59 .. 2688 is the 1) Next Demand Zone 2) Long Term up trend line support area.
amazonAMZNChart PatternsEconomic CyclesElliott Waveexpandedflatexpandingflat

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