Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 176724, member: 40858"] Amazon (ticker symbol: AMZN) broke above July 11, 2019 high (2035.8) a few weeks ago after reporting strong earnings. The stock now shows an incomplete bullish sequence from December 24, 2018 low favoring further upside. In the short term chart below, the rally to 2133.74 ended wave (1) and the pullback to 1998.29 ended wave (2). The internal of wave (2) pullback unfolded as a double three Elliott Wave structure. Wave W of (2) ended at 2020, wave X of (2) ended at 2088, and wave Y of (2) ended at 1998.29. The stock has resumed higher in wave (3) and broken above wave (1). Wave (3) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave (2) low , wave ((i)) ended at 2075.5 and wave ((ii)) pullback ended at 2024.80. Wave ((iii)) remains in progress and pullback in wave ((iv)) should find support in 3, 7, or 11 swing. Afterwards, the stock can extend 1 more leg higher to end wave ((v)) of 1. It should then pullback in larger degree within wave 2 to correct cycle from February 4, 2020 low (1998.29) before it resumes higher again. We continue to favor the upside in Amazon. As far as pivot at 1998.29 low stays intact, expect the stock to find buyers in 3, 7, or 11 swing for more upside. [B][B]Amazon 1 Hour Elliott Wave Chart[/B] [URL='https://elliottwave-forecast.com/wp-content/uploads/2020/02/AMZN-1H20200210212516.png'][IMG alt="Elliott Wave View: Further Upside Expected in Amazon"]https://elliottwave-forecast.com/wp-content/uploads/2020/02/AMZN-1H20200210212516.png[/IMG][/URL][/B] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…