Amazon: ⬇️ Sell – Amazon broke support zone – Likely to fall to support level 217.45 Amazon recently broke the support zone between the support level 225.90 (low of the earlier impulse wave i), support trendline of the daily up.
Amazon: Sell
– Amazon broke support zone
– Likely to fall to support level 217.45
Amazon recently broke the support zone between the support level 225.90 (low of the earlier impulse wave i), support trendline of the daily up channel from April and the 50% Fibonacci correction of the upward impulse C from the start of August.
The breakout of this support zone continues the active impulse wave 3 which belongs to the intermediate downward impulse sequence (C) from September.
Amazon can be expected to fall to the next support level 217.45 (target price for the completion of the active impulse wave 3).