As $AMZN was one of the "FAANG's" to lead the 2008 - 2018 bull market up, it will likely lead it down IF we do enter a bear market.
Let's get to the point, shall we? Tyler Jenks created the Hyperwave theory. I am not an expert on Hyperwave theory, he is. That said, I like the trend lines it creates and the overall outlook because it is predictive, so if we are paying attention to key levels and AMZN bounces off of them, we have can apply Hyperwave to figure it all out.
Basically, the trend lines (in white) are made from the bottoms of these parabolic movements. Once we close above or below these trendlines , we will form a new greater slope going up, or we will retrace to a previous hyperwave going down. Now by applying fibonacci's to the hyperwave's, we can combine both horizontal and trend line support.
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If I've been helpful, please like my work and follow me, it helps us both.
Let's get to the point, shall we? Tyler Jenks created the Hyperwave theory. I am not an expert on Hyperwave theory, he is. That said, I like the trend lines it creates and the overall outlook because it is predictive, so if we are paying attention to key levels and AMZN bounces off of them, we have can apply Hyperwave to figure it all out.
Basically, the trend lines (in white) are made from the bottoms of these parabolic movements. Once we close above or below these trendlines , we will form a new greater slope going up, or we will retrace to a previous hyperwave going down. Now by applying fibonacci's to the hyperwave's, we can combine both horizontal and trend line support.
-
If I've been helpful, please like my work and follow me, it helps us both.