Long AMZN to 1600, then short to 1k support.

Just looking at another dumb Fibonacci extension that I see popping up everywhere.

코멘트:

On second thought, the retrace could just be the .38 retrace not shown at 1177, basically the little peak that happened when AMZN first broke 1000.

That means 34% gain YTD then 24% downtrend from top to trough. That means it will look like .68 retrace of the yearly move... nothing too crazy.