AMZN appears to have completed Wyckoff Distribution with a target of 2400.
Wyckoff distribution is sideways range-bound trading that usually occurs after a prolonged uptrend. This is the trading zone where big players build short positions or distribute long positions and wash out retail traders.
Wyckoff distribution is sideways range-bound trading that usually occurs after a prolonged uptrend. This is the trading zone where big players build short positions or distribute long positions and wash out retail traders.