This is an update to my August 8th sell publication.
A sell recommendation...Appears to be a common theme among retailers...
As you can see there was a breakdown through the white median line on October 28th.
I believe we are now in the middle of the "C" wave with a downward acceleration about to commence.
My price target is in the mid 50's area... TBD.
Weekly view here
A sell recommendation...Appears to be a common theme among retailers...
As you can see there was a breakdown through the white median line on October 28th.
I believe we are now in the middle of the "C" wave with a downward acceleration about to commence.
My price target is in the mid 50's area... TBD.
Weekly view here
Note
Market activity has prompted me to re-evaluate my AMZN opinion. I am bullish on the general market for the INTERMEDIATE term. I think It's going to continue to be a traders market with a bias to the upside for the next 6-9 months. This update is my current wave count with re-drawn long term price channels.Note
Here is a WEEKLY view in Log scale 
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Related publications
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.