Amazon - In an exponential rally. Next target seen at 1,862
It should be clear to everyone, that Amazon is in an exponential rise and they even ever ends well (just remember the last one we saw in Bitcoin).
The indicators shows a negative divergence relative to the price movement indicating that this rally is loosing strength and the potential upside is becoming limited. The next possible target for wave 5/ of 5 is seen at 1,862, but exponential rallies has a way of exceeding even the most optimistic, so I wouldn't be overly surprised to see an extension closer to 2,177, before wave 5/ of 5 peaks.
However, all warning lights has started flashing, so keep your stop tight.
The indicators shows a negative divergence relative to the price movement indicating that this rally is loosing strength and the potential upside is becoming limited. The next possible target for wave 5/ of 5 is seen at 1,862, but exponential rallies has a way of exceeding even the most optimistic, so I wouldn't be overly surprised to see an extension closer to 2,177, before wave 5/ of 5 peaks.
However, all warning lights has started flashing, so keep your stop tight.
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