AMZN bull run to end in the short term
Bulls are running out of steam.
- The last few candlesticks show bearish momentum could start soon as we failed to hold on to May's high.
- A dark green bar shows on the (TTM) Squeeze momentum.
- Bearish divergence on CCI.
- Ergotic MACD is moving up which suggests the price will go down.
I expect a retracement between 0.382 and 0.5 before the bull trend is established again.
- The last few candlesticks show bearish momentum could start soon as we failed to hold on to May's high.
- A dark green bar shows on the (TTM) Squeeze momentum.
- Bearish divergence on CCI.
- Ergotic MACD is moving up which suggests the price will go down.
I expect a retracement between 0.382 and 0.5 before the bull trend is established again.
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