AMZN Hidden Bearish Divergence 2
On the daily time chart. You can see the Stochastic are opposite of it.
The time chart shows a higher high as I drawn out with a white line. The Stochastic
shows a lower high bearish divergence going down. Also if Fibonacci D2 to D3
it breaks the 161% threshold. Amazon has more room to go down as it
did in the previous quarter. You can draw a bearish flag from 4/22/21 - 5/21/21.
There is a hidden divergence for the next two weeks. I believe it will go down to 2880 to 2850 range.
The time chart shows a higher high as I drawn out with a white line. The Stochastic
shows a lower high bearish divergence going down. Also if Fibonacci D2 to D3
it breaks the 161% threshold. Amazon has more room to go down as it
did in the previous quarter. You can draw a bearish flag from 4/22/21 - 5/21/21.
There is a hidden divergence for the next two weeks. I believe it will go down to 2880 to 2850 range.
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