Amazon to reach $2060(ish) price point then retrace down to $1362 (61.8% fib level). Then expect to reach $2772 price point.
Buy levels $1300-1500.
Sell above $2600-2700.
Buy levels $1300-1500.
Sell above $2600-2700.
Comment:
Kind of an old idea at this point but this is a great example of the price points perfectly lining up with the Fib lines.
Comment:
Also, if you followed my advice of selling around $2000 and rebuying lower, you made money. The 61.8 fib level proved too low for this first retrace but it landed squarely on the .786 line.