The fifth wave with expansion! Corrective patternDear FRIEND,
I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones.
As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
(Mr. Nobody)
Trade ideas
AMZN UpdateWe have almost hit the 1.618 extension @ $158.94 which is a very common end point for this type of move. This last high that we made has been on negative divergence and implies we should be headed lower soon. Structure also says we have topped or will soon. Rather we are topping in our primary B wave or hitting a wave 1 top, the next big move points down. If we are still in fact in wave IV, our next drop down should be powerful as it will be primary wave C. MACD supports this count, but as you can see by the ALT, this could be just the beginning of our larger wave V. The structure of our next move will hopefully clear up the picture of the larger count. The market as a whole is in a very precarious position and it would be wise for traders to be skeptical, and use stops to protect their assets. I have said it many times recently, we are on the verge of topping in the US indices and the type of price action that is to come will be some of the hardest charts to trade you will ever see in our lifetimes. This is no longer your fathers or even grandfathers stock market, but your fathers fathers fathers market of the great depression. The indices SS II was very deep and quick. That means the SS IV coming up will be "shallow" and long. I put shallow in quotations because I still expect a 40-50% decline from where prices are now before it comes to an end. The next question one reading this should ask, How will that affect Amazon?
Friendly Reminder: Beginning March 1st (~7 weeks), I will be dramatically changing my posting schedule here on trading view.
April 28th Amazon takes a nosediveThis is beyond exaggeration of what will actually happen and it's meant to be funny. I honestly think it's hilarious. I've known for a couple years now that Amazon has been spending way more than it's making. Promoting and talking to investors on stock splits. Closing Book stores and so many problems with their new automated store. Amazon's technology and service centers is a joke and all the customer support agents work from remote locations. Raising their wages was just a publicity stunt to try to manipulate shareholders to buy more. Desperate and failing. On top of all this they're building a new headquarters that cost 2.6 billion dollars to flash and market a fancy building like nothing is wrong with the company. Ha what a scam
I was wrong... Market trends have been extended by a factor of 4The meaning behind factor of 4.
Market flow has slowed down significantly after the long bullish cycle.
The highlighted purple areas was during a struggling time in the markets.
The market performance currently is struggling massively to hold
as manipulation to gather investor attention after the stock split failed.
Just because a stock split and the price looks much cheaper it doesn't
change the fact that this market is struggling. The inflow in this market
is barely enough to cover the sellers in the market. The big seller is
Jeff Bezos and if Amazon is buying back shares to maintain market structure
with investors exiting on a quarterly timeline that is the factor of 4 structure.
The market is moving 4 x slower with less volatility holding an overbought
market. Amazon is using profits to keep its value and growth expectations
is bearish. In time this realization will start to take shape and i predict a
market price of 9.09 within 7 years. Manipulation is attracting investors
to buy the market as Bezos and other wealthy investors are selling out
over a slower timeline. It is a classic bait and trap market. I sold the top before the
stock split even happened. I saw the signs early enough to make sound judgement.
Be careful with you future retirement and savings accounts. This market
is manipulated with fraud and traded within the laws set by the SEC. That should
say something. SEC approved 11 bitcoin ETF's after Bitcoin already had
its mega billion percent bull market. Bitcoin value will drop significantly
and could soon be worth as little as 1000 to 4000 dollars. There is a lot of fraud
manipulation going on in every market so these wealthy people can sell out on
the complacent traders investing in worthless investments.
This Could be the VERY TOP for AmazonI'm getting feelings around the things are about to hit the fan and Amazon might have topped longterm. RSI hit a major resistance, bear divergence, largest FED fund sale ever yesterday, things are just lining up for me, this will get NUTTY if true. Hard to fade this trend of course but a lot of things are lining up for me.
AMAZON Swing Long! Buy!
Hello,Traders!
AMAZON was retesting a
Horizontal support level
Of 143.5$ while trading
In an uptrend and now we
Are already seeing a
Bullish rebound so I think
That we will see a
Further move up
Buy!
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