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...
If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! 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 :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ 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...
Long term swing TP points TITLE/(DATE)- BUY AMAZON scalpel trade ASSET- AMZN PLATFORM- MT4 ORDER TYPE- BUY limit Time Frame- 1D ENTRY PRICE 1- 3086.00 ENTRY PRICE 2-3068.00 STOP LOSS- 3056.00 (300 PIPS) TAKE PROFIT 1- 3116.00 (300 PIPS) TAKE PROFIT 2- 3186.00 (1000) PIPs) TAKE PROFIT 3- 3286.00 (2000 PIPs) TRAIL STOP LOSS FROM TP.2 to TP.3 when price reaches...
Hello Traders! Amazon Global Forecast Best regards, trader Igor.