AMZN Overview Bullish Gartley/Crab forming
AAMAZON The Big Picture: @bcn5280 As you can see after the pandemic we are trading between 2850s and 3550s. This a larger consolidation period than most stocks. Support at 2990 - 2850s. Resistance at 3450s - 3550s. Currently we are downtrending with the first bear flag. 2990s - 2850s price target. Last quarter we hit 2881.
From March 5th - June 15 - 18th. A Bullish Harmonic pattern has formed, but not completed. If we hit 2990s it will be a Bullish Gartley. If we hit 2850s, it will be a Bullish Crab Harmonic pattern with input of Fibonacci levels .
The low 3800s is our Price target for July 28th. For the long term next year is 4800 price target next July or September 2022.
From March 5th - June 15 - 18th. A Bullish Harmonic pattern has formed, but not completed. If we hit 2990s it will be a Bullish Gartley. If we hit 2850s, it will be a Bullish Crab Harmonic pattern with input of Fibonacci levels .
The low 3800s is our Price target for July 28th. For the long term next year is 4800 price target next July or September 2022.
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