This is a WEEKLY linear chart for reference.
I believe Amazon is in the process of finishing a corrective wave that will lead to the final leg down in the sequence to the lower channel line.. roughly a 40% move.
As you can see there has been a lot of price activity oscillating around the median line. I believe this resolves to the down side.
The current candle is just 1 day into the weekly candle so it's bound to take on various shapes. I believe the white channel line will contain price.
Here is a WEEKLY LOG chart view
I believe Amazon is in the process of finishing a corrective wave that will lead to the final leg down in the sequence to the lower channel line.. roughly a 40% move.
As you can see there has been a lot of price activity oscillating around the median line. I believe this resolves to the down side.
The current candle is just 1 day into the weekly candle so it's bound to take on various shapes. I believe the white channel line will contain price.
Here is a WEEKLY LOG chart view
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Here is a WEEKLY LOG chart view
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Topping Activity @ the Median Line.....
