AMZN Amazon Phase 4 break. Crash imminent

AMZN Amazon Phase 4 break. Crash imminent
Phase 5 begins

Comment:

I think the Phase 5 line was broken last week to the upside and we are retesting that line this week. We will know much more information tomorrow after the close. If it closes below 1595 on 11/16, then I would have to assume the Phase 5 is still valid. Best to watch how NDX acts tomorrow as well and we will know a lot more next two weeks, but for now, trade lightly, small (very small) bullish bias as I think this is a retest

Comment:

UPDATE. Previous update on Nov 15 turned out to be inaccurate, Phase 5 line did not break and was not retest but never broke above the Phase 5 line, adjusting the Phase line to be more conservative to try and be safer on trading a Phase 6 shows my price point this week at $1615. We are currently as of the close of Wednesday 11/28 at 1677. A lot of news this week but gut tells me we are moving into a Phase 6... this along with AZPN also (looks like) moving into a Phase 6 helps... Now, in P6 we trade with a bullish bias, this requires some attention to dips during this phase. If we can establish a solid P6 line using our best judgement this is where we go long during this phase and sell if price accelerates to far away from the phase line. you can trade both directions in a Phase 6 with the P6 as the BASE or GROUND, like a point from which we can use other tools to help trade during these next few weeks and months. Most importantly remember, Phase 6 will never ever ever ever reach the peak of phase 4, no matter how much news/analyst recommendations/catalysts you interpret as bullish etc etc. The Top is in at $2050.50

TLDR - AMZN appears to be entering Phase 6 of a Hyperwave. Confirmation of weekly close above $1615 and after will trade with bullish bias on dips

Comment:

We could never sustain a long Phase 6, which leads to two possible outcomes, either we are still in a Phase 5 with a Phase 6 coming still... or the move from 1450 to 1770 was the short 3 week phase 6, and we are now in a Phase 7, with next stop at Phase 3 line

Comment:

Was incorrect on my Phase 6 prediction (on AZPN too, cost me, no rushing into P6 let market tell you thats for sure) but now in a P6, now time to try and determine the Phase 6 line, and wait for a break to go short for a looonnnggggg downtrend P7