After hearing that Amazon broke record prices for it's stock, I decided to take a look at it's history to try and find out why.
A phenomenon that is repeatedly seen in Wyckoff is confluencing Point And Figure targets that give reliability to stepping stone ranges' TP projections. As you can see here, 2 accumulation ranges have similiar TP projections which gives me confidence in the stock's predicted 1125-1215 target range. The blue marking on each range is Phase C - the spring.
At the target, I expect to see a large change in price behaviour (big decline or rally, most likely a decline), a large spike in volume and hopefully a markup channel retest.