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Amazon Inc., Elliott Wave Technical Analysis

Amazon Inc., (Nasdaq: AMZN): 4h Chart 5 December 2023

AMZN Stock Market Analysis: Looking for a top in wave (i) in place as we have taken out the previous top. The more conservative alternate is that wave {v} is in place and we are due wave 4.  

AMZN Elliott Wave Count: Wave (ii) of {v}.  

AMZN Technical Indicators: Below 20EMA  

AMZN Trading Strategy: Looking for longs once the wave (i) top gets taken out.  

TradingLounge Analyst: Alessio Barretta

Amazon Inc., AMZN: 1-hour Chart, 5 December 2023

Amazon Inc., Elliott Wave Technical Analysis AMZN Stock Market Analysis: Looking for a three wave move into wave a and we are now looking for a pullback in wave b. Ideally we will get support between 138$.  

AMZN Elliott Wave count:  Wave b of (ii). s

AMZN Technical Indicators: Between 20 and 200EMA.

AMZN Trading Strategy: Looking for longs once the wave (i) top gets taken out.

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