vlad.adrian
Long

Amazon - End of correction

NASDAQ:AMZN   AMAZON.COM INC
235 1 2
Amazon has corrected last weeks, and has drawn a H&S pattern. If it closes like this, I consider the H&S pattern invalidated. The histogram has a bullish divergence , bear power decreased on the second corrective leg. MACD lines have a class B bullish divergence . Correction ended at a fib cluster.

First target is the previous high, right shoulder, and 61.8% fib of the decline. Second target is the all time high at 400$
Stopped out. I was wrong in not waiting for a strong close, I took the position in the first trading minutes, like an amateur.
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