Hi Elliotticians, Amazon.com is making a bullish impulse on the weekly time frame, and can currently be ending a corrective wave IV of a higher degree near the Fib. ratio of 0.382 and 0.50.
A completed three-wave correction in IV, followed by an impulsive rally above the 3762 lvl. would be a confirmation that wave V us underway.
Alternate scenario indicates a completed bullish impulse at current highs, which means we may expect a minimum three-wave reversal.
Trade well.
A completed three-wave correction in IV, followed by an impulsive rally above the 3762 lvl. would be a confirmation that wave V us underway.
Alternate scenario indicates a completed bullish impulse at current highs, which means we may expect a minimum three-wave reversal.
Trade well.