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: 214533, member: 40858"] Hello fellow traders. As our members know, Amazon stock has completed 5 waves structure in the cycle from the 146.61. We were calling for a 3 waves bounce against the mentioned high after which we expected the price in stock to drop toward new lows. In previous blog on Amazon we shown how we called decline due to incomplete bearish sequences. In this technical article we’re going to take a quick look at the more recent Elliott Wave charts . We recommended members to avoid buying the stock and keep favoring the short side . Let's take a look at the charts [HEADING=3]Amazon $AMZN Elliott Wave Analysis 10.12.2022[/HEADING] Decline from the 146.61 turned out to be unfolding as 5 waves structure. The stock reached target at 115.01-100.86 where we expect it to complete "a red "cycle as 5 waves decline. Amazon should ideally make 3 waves bounce soon in b red, before further decline takes place. We don't recommend buying the stock in any proposed bounce and favor the short side. [I]Reminder: You can learn about Elliott Wave Rules and Patterns at our [B]Free Elliott Wave Educational Web Page[/B].[/I] [URL='https://elliottwave-forecast.com/wp-content/uploads/2022/10/AMZN-10.12..jpg'][IMG alt="Amazon"]https://elliottwave-forecast.com/wp-content/uploads/2022/10/AMZN-10.12..jpg[/IMG][/URL] [HEADING=3]Amazon $AMZN Elliott Wave Analysis 10.27.2022[/HEADING] The stock made 3 waves bounce in b red. Correction ended as truncation Elliott Wave Double Three pattern at 121.51 peak. We got sharp decline toward new lows as expected. Now the stock remains bearish against the 121.51 pivot in first degree and against the 146.61 pivot in 2nd degree. As far these 2 pivots hold, Amazon $AMZN should ideally keep finding sellers in 3,7,11 swings. Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the [B]Live Trading Room[/B]. [URL='https://elliottwave-forecast.com/wp-content/uploads/2022/10/AMZN-10.27.jpg'][IMG alt="Amazon"]https://elliottwave-forecast.com/wp-content/uploads/2022/10/AMZN-10.27.jpg[/IMG][/URL] Source: [URL]https://elliottwave-forecast.com/stock-market/amazon-amzn-elliott-wave-calling-decline/[/URL] [/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…