This should complete the wave count to 61.8% retrace on Amazon to 1K.
I have the 61.8% retrace at about $975, but 1K should be a psychological support and makes more sense to stop just above.
1.886 of that swing correlates closely with the .382 from the bottom of wave 4, to ATH. (61.8%) with the difference between the two being only $4.37.
This would make the target price $958.80
I'm expecting the sell off to continue to $958.80.
Meanwhile, I'm attempting to track the wave count on the 1 min. (for funsies).
I'm leaning towards a H&S setup that i have detailed below.
Whether or not it plays out like this, i'm excited to see what happens.
Keep in mind this is a 1 min chart, and this is more of a guess until i have more data.
Looks like a triangle wave as it nicely hit the .786 of wave c - d.
breaking the high at 1780 invalidates this count / idea. :)
GL & Happy trading.