$AMZN TOP 20
Added 2024-10-06 09:46:49 +0000 UTC$AMZN likely had a rough week due to the Port Strike and possibly market makers wanting to squeeze some more out of $AMZN before Prime Day next week.
Price dropped to in between the 0.5 -0.618 Fib this week, just above the 50 Day MA
I contemplated adding to my position but only with a test of the 50 Day MA to show support and the 0.618 Fib would I have added, it is not confirmed yet that this can break above the $188 level again, we need to see how the price handles it on the second attempt if it comes this week.
Still holding my position and it is my largest position, I will give $AMZN every chance to go back to $200 or beyond
Comments
We will probably all add at the end of Wave C. What we're saying here is that B might not be complete yet.
Steve Cullip
2024-10-06 13:34:56 +0000 UTCWhy would you add here and not add at the end of wave C?
Bram Alleman
2024-10-06 10:02:44 +0000 UTC
