AMZN is moving sideway within predicted consolidated triangle pattern. Based on Elliott wave analysis, it is predicted to move up in 5 wave up of smaller degree in near term to complete its wave structure 5-3-5 to touch the triangle upper symmetrical triangle trend line before retrace for further consolidation.
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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.