📉 Amazon Peaking?

4월 14일

We have a bearish harmonic pattern on the Amazon chart. The pattern calls for a drop.

➖AMZN hit a new All-Time High recently but the week ended up closing red.

➖Seeing the long-term drop in trading volume and related markets, we can predict that soon this bullish sentiment that has been going for months will change.

➖It can happen that the pattern is not yet complete and we see additional growth before the crash. Seeing the bad geopolitical news we have, the crash might start right away, maybe even on Monday. Both scenarios are easy to visualize.

Now or then,
In ten weeks or just one day,
It doesn't matter how long it takes,
A correction is underway.

Namaste.