Hello everyone
I guess AMZN is so similar to another enormous teammates in Nasdaq markets and so it is a correction and then follow the rally.
I know that all of my predictions can be failed but it is not meaning that my work is wrong. You should consider a countertrend strategy for your analysis but as I always say" a tradre should chose his side (bull or bear) and decide about that and just time can disclose what is right and what is wrong.
It is not clear that this channel will be broken out to the lower levels or correction will finish in it and Rally continues. Whatever happens, we wait for the end of correction.
Be safe and happy
I guess AMZN is so similar to another enormous teammates in Nasdaq markets and so it is a correction and then follow the rally.
I know that all of my predictions can be failed but it is not meaning that my work is wrong. You should consider a countertrend strategy for your analysis but as I always say" a tradre should chose his side (bull or bear) and decide about that and just time can disclose what is right and what is wrong.
It is not clear that this channel will be broken out to the lower levels or correction will finish in it and Rally continues. Whatever happens, we wait for the end of correction.
Be safe and happy
Comment:
Amazon is in correction pattern as we have predicted.
AMA