Could be that Amazon is heading towards the upper of yellow and red channels with target between 5,000 and 6,000.
Flat correction started in Sep,20 seems perfectly (with 5 waves) completed on 5th of March. If my (linked) forecast of Dow is correct, the pace of price rise in the stock market is increasing therefore I am expecting this time Amazon stock price to get away from that flat correction price range.
Flat correction started in Sep,20 seems perfectly (with 5 waves) completed on 5th of March. If my (linked) forecast of Dow is correct, the pace of price rise in the stock market is increasing therefore I am expecting this time Amazon stock price to get away from that flat correction price range.
Trade closed manually:
5 wave structure is close to completion but the price did not leave the range. It seems 10-15% correction on US indices is coming, so I'd prefer to pick up Amazon at the bottom of the range under 3,000
