Elliott Wave Forecast: Amazon Stocks $AMZN Incomplete Sequences Calling The Decline
In this technical blog we’re going to take a quick look at the Elliott Wave charts of Amazon $AMZN. As our members know, Amazon stock has been showing incomplete bearish sequences in the cycle from the August 16th peak. We recommended members to avoid buying the stock and keep favoring the short side due to incomplete sequences. Cycle from the 146.6 peak was incomplete and we knew the drop was coming . In the further text we are going to explain the Elliott Wave Forecast.