Now, for a comparison, is the chart for AMZN (Amazon) using the same indicators as I explained for GOOGL (Alphabet).
There is less aqua color for AMZN.
You can see that AMZN has been moving sideways, which we call a consolidation.
If the chop zone color for AMZN remains aqua, then I believe AMZN will once again resume its long term up trend. In this instance,...
This study will be in two parts, Alphabet (GOOGL) and Amazon (AMZN).
This is a chart for GOOGL. (Alphabet). Here is how you read it:
The top chart is price action on a daily basis. Below the price action is the Ichimoku Cloud, which is green and rising (red would be negative). The two bottom charts are chop and chop zone. A chop zone with the color aqua measures...
