$AMZN has been pushing hard to reach $188 and even managed the $181 level this week and continues to look the strongest of all of the Mega Caps right now, along with $MSFT.
Just $7 away from its ATH line now, where all of the other Mega Caps have reached, apart from $TSLA.
I still hold 60% of my original $AMZN holding and I am happy to hold this during the correction but will certainly be adding a considerable amount when we get an ABC correction here.
The White Fibs levels are taken from the bottom blue line at $81 and the top blue line at $188....so this is assuming that $AMZN can reach $188.
Ascending wedge has also formed here lately which is a bearish signal but we can not rule out $188 being hit.