The weekly chart shows some fantastic signals. First of all, price has drawn a corrective . That is my favorite trading pattern, and one of the most accurate.
The first candle I outlined on the chart was very and it was calling for a break below support, but surprisingly, the following week gaped down and recovered all the loses, drawing a .
The histogram and more importantly lines show class B divergences.
The , besides the (13FI is similar to the histogram in patterns), has been as oversold as it can get, breaking out of the Channel.
Last but not least, the Weis Wave shows extreme , close to climactic, and no reward, as Amazon was not able to break the strong at 280$.
The impulse is blue, which confirms everything I said above. I have entered today at 307$, and I'm pretty confident we will see 400$ in a few months. Stop below 280$.