$AMZN TOP 20
Added 2024-09-10 15:45:57 +0000 UTC$AMZN has formed a triangle here since the middle of August and has used the 200 Day MA as a support level and the 0.38 Fib
We can see that the 50 Day MA has been lurking from above as a potential resistance line too
So right now the price is getting squeezed in between the 50 and 200 Day MA, we want to see a break to the upside here from this and at the very least go to our Wave B target at the blue line at $188 and I think a lot of people would be happy to see this.
