AMZN DOWNSIDE TARGET COULD SEE 1108 AREA

2 thg 4, 2018

If one looks at at the last I.T. decline dec 2015 to feb 2016 you will see the drop was 31.8 % in the value of the peak and if you look for a similar drop it is 1108 it is also the bottom of the BB bands on the weekly chart . if you look back to 2002 print low every drop on the weekly saw the bottom of the bands before the next major rally [IF] the price popped thru the top of the weekly it was a 100 % of the time . as well it will mark a .382 of the rally from that low of 285 to 1618 area. 3th the drop to 1108 area will also be .75% of the rally from sept low 2017 .4th the drop into feb9 was 233 point wave A. times WAVE B UP TO 1618 WAS 1.5 TIMES WAVE A DROP THEREFORE I LOOK FOR THE MAJOR SUPPORT TO BE SEEN AT 1110 TO 1097 FOR WAVE C LOW