$AMZN TOP 20
Added 2024-08-08 10:41:57 +0000 UTC$AMZN has been showing relative strength over the last 2 sessions but I believe this is because it had pulled back stronger to its 0.38 Fib and below its 200 Day MA, which is lower than the $QQQ, $SPY and other Mega Caps, so it is slightly ahead of those now and therefore showing signs of bouncing for Wave B now.
Big test coming up at the 200 Day MA at $169, a rejection here and Wave A is not complete yet and we will see another lower low before getting Wave B, converting $169 to support and we should move up as shown.
My plan remains the same and following this chart.
