Amazon Bearish Monthly AB=CD Macro Update

14 feb 2022

This is an update to an couple years old ABCD setup on Amazon to remind myself that the ABCD is still in play and that we may be in the midst of forming a Partial-Rise at the PCZ within this Right-Angled and Ascending Broadening Wedge Visible on the Monthly Timeframe. If this plays out and we see price come Back Down to the Bottom Trendline we will have a High Chance of Breaking Down Bearishly through the Wedge. This will likely lead Amazon to Revisiting the Price Levels of $2000 then if that doesn't hold we will likely go straight down to around $1300