Hi, Amazon is starting its last phase in its parabolic advance: there is more room to go up completely parabolic, this phase is starting. It is of course not possible to know when the parabolic advance will stop. This is going to burst severely when this last parabolic phase ends, in some weeks or months or a year.
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Possibly starting its last parabolic "vertical" phase
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This is not good. Possible broken parabola, and you know what it could mean.
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Not looking good.
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Still not looking good. High chances the bubble is getting done. Read the title of this chart again, look at the graphic; the parabolic advance is broken
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Now that i gave you the top months ago, who is gonna send me an Amazon voucher?
Agreed. Same thoughts. I posted similar chart a few weeks ago. It's support now is literally vertical and the weekly is going at a 90 degree angle up. Hard to say when it will drop they are rolling in cash and just beat earnings by alot. The price still didn't react much by it. I think bulls are definitely tiring at this point. But then again markets can stay irrational longer then you can stay liquid so I would not short at this point
Giovi6969
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@ecicic,
Good spot
Imo it is the start of the last parabolic phase, where it goes "almost vertical" for some time
cyberluck
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hahah " in some weeks, or months, or a year"
Can you tell what pattern section we are in in the larger scheme of things? where are we in the supercycle which spans 78 years and where are we in the mega wave, in wave 3rd of 5 or 5th of 3rd? I think wave 2 was the recent drop in Jan....correct? this is important at this juncture.
Giovi6969
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@cyberluck,
It really was in trouble and now it still is