Amazon.comShort
AMAZON maybe end up at $2483
AMAZON on daily timeframe.
I drawing some trendlines and make it parallel to helping me until where price going up and then finish.
As you can see, price is almost overbought, which mean there is sell opportunity. Use help from trendline and fibonacci extension calculation, I expect the supercycle V will ending on 61.8%. But for entry sell , let we sell above of that. Approximately sell point on $2483.22 as 78.6% extension.
Thank you
I drawing some trendlines and make it parallel to helping me until where price going up and then finish.
As you can see, price is almost overbought, which mean there is sell opportunity. Use help from trendline and fibonacci extension calculation, I expect the supercycle V will ending on 61.8%. But for entry sell , let we sell above of that. Approximately sell point on $2483.22 as 78.6% extension.
Thank you
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.