Image Source:
Amazon Inc., Elliott Wave Technical AnalysisAmazon Inc., (Nasdaq: ): 4h Chart 5 December 2023AMZN Stock Market Analysis: Looking for a top in wave (i) in place as we have taken out the previous top. The more conservative alternate is that wave {v} is in place and we are due wave 4. AMZN Elliott Wave Count: Wave (ii) of {v}. AMZN Technical Indicators: Below 20EMA AMZN Trading Strategy: Looking for longs once the wave (i) top gets taken out. TradingLounge Analyst: Alessio BarrettaAmazon Inc., AMZN: 1-hour Chart, 5 December 2023Amazon Inc., Elliott Wave Technical Analysis AMZN Stock Market Analysis: Looking for a three wave move into wave a and we are now looking for a pullback in wave b. Ideally we will get support between 138$. AMZN Elliott Wave count: Wave b of (ii). sAMZN Technical Indicators: Between 20 and 200EMA.AMZN Trading Strategy: Looking for longs once the wave (i) top gets taken out.More By This Author: