Entrepreneurs
AMZN starting up to react from the blue box salvage 22 situation
On this technical weblog, we can stare upon the past efficiency of the 1-hour Elliott Wave Charts of Amazon ticker symbol: AMZN. In which, the rally from 01 May maybe probably well well also 2023 low unfolded as an impulse construction. And showed the next excessive sequence appreciated extra upside extension to take set up. On account of this fact, we informed members not to sell the stock & aquire the dips in 3, 7, or 11 swings at the blue box areas. We can prove the construction & forecast underneath:
AMZN 1-hour Elliott Wave chart from 5.23.2023
Here’s the 1hr Elliott wave chart from the 5/23/2023 Put up-Market update. In which, the rally from the 5/01/2023 low unfolded in an impulse sequence the set up wave 1 ended at $113.28 excessive. Then wave 2 pullback ended at $109.24 & made a rally greater in wave 3 in direction of $118.75 excessive. Down from there, the stock made a pullback in wave 4 while the internals of that pullback unfolded as Elliott wave zigzag construction the set up wave ((a)) ended at $115.70 low. Wave ((b)) ended at $117.24 excessive and wave ((c)) managed to reach the blue box salvage 22 situation at $113.82- $111.70 salvage 22 situation. From there, investors had been expected to seem shopping for the next leg greater or for a 3 wave soar minimal.
AMZN latest 1-hour Elliott Wave chart
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