The Amazon's stock situation is very interesting There is a Elliot wave principle which the market has completed all the waves (12345 Impulse and ABC correction wave). There is also a symmetrical triangle as well which means that the price can move as much as the measured price movement (AB=CD) it is expected that after completion of a regular Elliott principle wave that the price would increase and there is also a symmetrical triangle which we explained it so our guess is that the price will increase eventually!
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Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea . Have a nice day and Good luck.
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