This is a WEEKLY linear chart for reference.
I believe Amazon is in the process of finishing a corrective wave that will lead to the final leg down in the sequence to the lower channel line.. roughly a 40% move.
As you can see there has been a lot of price activity oscillating around the median line. I believe this resolves to the down side.
The current candle is just 1 day into the weekly candle so it's bound to take on various shapes. I believe the white channel line will contain price.
Here is a WEEKLY LOG chart view
I believe Amazon is in the process of finishing a corrective wave that will lead to the final leg down in the sequence to the lower channel line.. roughly a 40% move.
As you can see there has been a lot of price activity oscillating around the median line. I believe this resolves to the down side.
The current candle is just 1 day into the weekly candle so it's bound to take on various shapes. I believe the white channel line will contain price.
Here is a WEEKLY LOG chart view
Note
Here is a WEEKLY LOG chart viewNote
Topping Activity @ the Median Line.....
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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.