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oliverrathbun
Aug 9, 2022 3:09 AM

AMZN - Final Corrective Wave Down Ahead Short

Amazon.com, Inc.NASDAQ

Description

This is a WEEKLY linear chart for reference.

I believe Amazon is in the process of finishing a corrective wave that will lead to the final leg down in the sequence to the lower channel line.. roughly a 40% move.
As you can see there has been a lot of price activity oscillating around the median line. I believe this resolves to the down side.

The current candle is just 1 day into the weekly candle so it's bound to take on various shapes. I believe the white channel line will contain price.

Here is a WEEKLY LOG chart view

Comment

Here is a WEEKLY LOG chart view

Comment

Topping Activity @ the Median Line.....
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