Amazon.comLong
Look for an Amazon Rally Ahead
After 4 months of price consolidation within a continuation triangle, Amazon is poised to resume its rally from last Summer. With the fifth and final leg of the triangle reaching the lower boundary, keep a lookout for a pivot this coming week.
In the included chart, the purple line is the intermediate impulse wave over the past two years or so. The fourth wave segment of this intermediate wave is the triangle, which is indicated by the orange minor wave. The D-wave segment of the triangle also happens to be a triangle in its own right (indicated by the cyan minute wave).
In the included chart, the purple line is the intermediate impulse wave over the past two years or so. The fourth wave segment of this intermediate wave is the triangle, which is indicated by the orange minor wave. The D-wave segment of the triangle also happens to be a triangle in its own right (indicated by the cyan minute wave).
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