Will Wong
Long

AMZN: A deep wave (ii) correction requires a recount.This last

NASDAQ:AMZN   AMAZON COM INC
419 views
5
419 6
sub (v) of 5 will terminate in an ending diagonal at about $2400.
Oct 10
Comment: Revised count

Agree with you, looks like it Made doulble bottom on 0,618 fib
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Thank you Will .... great chart analysis .... I see more downside before jumping higher and I would say that it will have a breakout post earnings ....
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Will Wong traderhr77
@traderhr77, wave ii already retraced 61.8% which is more than usual. Also a double bottom. And the slope of the ending diagonal is quite flat. A further drop would make the diagonal even flatter. Let's see what happen on Monday.
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A 700 point run from wave 4 low to the recent $ 2050 high isn't good enough run?
Not your expecting a 300 point run from here to the next correction?
Everyone is so Bullish this is crazy!
$ 2.65 hit for 2019 earnings for wage increases.
2021 is trading at a 33 P/E
Price to Sales ratio is at a record high!
Good Luck!
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Will Wong ecramer
@ecramer, Not sure where you got the impression that I am complaining about that $700 point run!
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Will Wong ecramer
@ecramer, And why does the future price target need to be capped by the previous $700 run? See anything wrong with my count? Just point it out! Let's leave emotions aside!
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