Multiple reasons suggested the AMAZON is in a head zone
1.Long time AB=CD(,A is 34.68 ,2008-11-10,B is 406.89,2014-1-6) at 656.9
2.Smaller 1.618 ab=cd (a is 166.97,2011-12-26) at 672.57
3.1.27 extension in 2015 at 660.77
4.RSI divergence
2.Smaller 1.618 ab=cd (a is 166.97,2011-12-26) at 672.57
3.1.27 extension in 2015 at 660.77
4.RSI divergence
Note
we can also draw the same conclusion from the daily chart,which suggested the 1.618 extention at 660.64 is an extreme price level
Note
the time Fibo 2.414 extention also point the present day would be a changing of pace
Note
Note
Trade active at 674,SL:684,aim :400
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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.