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Amzntrading

Amazon is in a long short race!Amazon is in a long short race! This chart shows the weekly candle chart of Amazon stocks over the past two years. The top to bottom golden section of July 2021 is superimposed in the figure. As shown in the figure, the low point of Amazon stock in early January 2023 hit the 2.000 level of the golden section in the figure, and is now in the second largest wave of rebound, breaking through the 1.000 level of the golden section! The next strong pressure level for Amazon stocks is at 0.618 on the golden section in the graph!
NASDAQ:AMZN
by Think_More
AMZN is Still in a WXY Correction StructureAs 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 lower to around $60 where smart buyers will must appear and we'll like to do an edging buy.
NASDAQ:AMZNShort
by Market-Right-Side
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