AMAZON - the rich will become richer! 🤑

Good day to all! Indeed, the really rich will become even richer! Let's analyze the stocks of AMAZON.

For a long time, the stock price moved inside the upward channel. Marked on the chart. In 2018, this upward channel was broken in a downward price movement. As a result, another upward channel was formed. Inside, which price moves in a five-wave growth pattern.


At the moment, the price is moving in the third wave with the likelihood of continued growth to the level of 2802.04 or the upper boundary of the rising channel. Locally, the price moves inside the local upward channel (marked on the chart).

In case of breakdown and consolidation below the middle border of the channel, the price will continue a downward movement to its lower border.

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Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.