$AMZN TOP 20
Added 2024-09-29 11:48:30 +0000 UTC$AMZN broke above the blue lines during the week but there was a notable pull back on Friday for a retest, price managed to hold on the level to finish the week off
Like $AMD, the support is not confirmed yet, it is simply just a test now, we will need to see how the week opens to confirm support, it can sometimes take a number of tests of support before it is confirmed.
I would also have no issues with a sideways movement here for the month of October leading up to the election, it usually brings uncertainty.
Very interesting to see the 50 and 200 Day MA's aligning perfectly with the triangle breakout levels, I have not seen this as clear before, so even a retest of the 50 Day MA can not be ruled out and doesn't mean we have a rejection of Wave B yet, completing another higher low can reinforce the structure, as always I will update this regularly if I see any issues.
