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Amazon.com Inc., Elliot Wave Analysis
12/8/2022 10:10 AMA fall is possible.
On the daily chart, the upward wave of the higher level А formed, and A downward correction develops as the wave B, within which the wave (A) of B forms. Now, the fifth wave of the lower level 5 of (А) is developing, within which the wave iii of 5 has formed, a local correction has ended as the wave iv of 5, and the wave v of 5 is developing. If the assumption is correct, the price of the asset will fall to the area of 72.26–44.33. In this scenario, critical stop loss level is 97.35.
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