Amazon | No New All-Time High & Down We Go!

It is the end of a cycle; A more than a year long bullish wave.

Amazon (AMZN) did not reach a new All-Time High as many of the other top world companies did.
July 2021 at 188.65 will remain the peak.

AMZN produced a super-strong bearish signal in the form of a bearish engulfing pattern last week and this at the top of a major trend.

These signals are pointing towards a correction, a very strong correction and the first one since December 2022.

This correction can be mild just as it can be strong but it is more likely that it will be strong.
This correction can develop fast or maybe slow...

Mild or strong, fast or slow —Down we go!

Namaste.