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EWFcw
Oct 20, 2020 11:08 AM

AMZN - Elliott wave analysis - corrective bounce  

Amazon.com, Inc.NASDAQ

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AMZN - It has completed (X) wave as wxy double zigzag up and down move from last swing high was impulse down as wave A. So wait for B wave bounce to correct the move thereafter it will start moving down again in C wave down. The ABC sequence will be the part of (Y) wave down.

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Comments
Ayohan
Todays close not looking good. any updates?
EWFcw
@Ayohan, i am expecting B wave, which might be a choppy sideway correction or sharp move up, but in both cases the next cycle will be C wave down.
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