AMZN

AMAZON COM INC, has been in accumulation since July after an unusual rise since the start of the pandemic. As of today, January 15, 2021, we have an almost formed Triangle pattern, which is now everywhere, this is the phase of the current market. Waves ABCDE have already been completed and a rise from wave E is expected (see lower yellow circle). The security was traded by me before, and showed a good execution of the given patterns, the trade reliability is high. Enter 50% of the position size, and add the remaining 50% on the breakout of the upper turquoise circle. The first short-term local target of the trade is expected to reach $ 3845, after which it is expected to achieve the global medium-term target - the price of $ 5045, which is now almost an ideal point for a mid-term entry into this security, which has far from exhausted its upside potential.