$AMZN TOP 20
Added 2023-08-13 19:06:33 +0000 UTCA lot of the Mega Cap stocks I am uploading from the Top 20 list today are all comfortably keeping within their impulse structure, not a single chart is not doing what we have expected, as long as their structures remain in this way, we are happy that this is Wave 4 and not a reversal of any other sort.
$AMZN is showing a bullish flag here and it is very typical to see this break to the upside once it breaks its formation which is in line with their Wave 3 target and to be expected after such a strong earnings report.
I do want to add to my $AMZN holdings but I want to see Wave 4 complete before doing so, adding here for me doesn't make sense, as it is so close to completing Wave 3.
