As you can see, Amazon is continuing to fill in the right shoulder as anticipated. It has clearly broken down below the 200 EMA (in purple.) Soon, I suspect AMZN could reach the neckline of the head and shoulders pattern, around the low $1500s. If the neckline is breached, expect a decline to at least $1355.
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-