AMZN could drop to $1307The irregular flat could emerge here as wave B is beyond the start of wave A.
The wave C could tag the former valley at $1307 to complete the correction.
Bezos
Amazon Com Inc (AMZN) is under the STRONG Resistance!!!We can open Sell under the Resistance Level.
Reasons:
- the price is under the Strong Resistance 2050.50;
- it was a GAP a few days ago, and it can be closed;
- potential profit will be 3 times bigger than the risk.
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$AMZN, dip before long or long already?$AMZN
Bezos will hold 75% of the AMZN shares, so the whole soap around that is also clearer. AMZN could go for another ATH. The yellow balk could act like little resistance. Maybe we retest the 0.618 fib before we go test the 0.786 fib. I think $1890-$1900 really is an resistance so we might dip from there to test the trend line?
$AMZN 1D$AMZN 1D
Went long near $1660. Now at a nice 8% gain with leverage 5x. We are above the 0.5 fib.\u2028$1700-$1710 really is a bit of resistance. Having trouble to get over that ‘trend line’. With enough volume we could see $1750-$1770 next days
AMZN DROP H&SHello.
AMZN in process of H&S pattern as we can expect a plunge, Bezos divorce might just be a legal way to preserve the capital so there wouldn't be any claims that Bezos illegally using insider information would make this crash happen and profit on it. Any way, loooong way to go.
Just my 2 sats.
