AMZN Has The Cycle Impulse Wave Ended?


The current AMZN structure suggests the construction of a simple zigzag consisting of sub-waves a-b-c of the cycle degree.

The first major wave a, which includes primary sub-waves ①-②-③-④-⑤, has ended. In the last section of the chart, there is a decrease in the price, which could indicate the beginning of the construction of a bearish correction b. This correction could take the standard zigzag shape Ⓐ-Ⓑ-Ⓒ.

In the near future, there could be a decrease in the final intermediate wave (5), which can end the primary impulse wave Ⓐ near 2537.87. At that level, wave (5) will be equal to the previous impulse (3).

After the primary impulse wave Ⓐ ends, the stock price will begin to rise in correction Ⓑ, as shown on the chart.


Alternatively, the cycle impulse wave a could still be in the formation stage. Perhaps the construction of the primary correction ④ has recently ended.

On the current chart, we see the final part of this correction. It took the form of an intermediate triple (W)-(X)-(Y)-(X)-(Z) zigzag.

The market will start moving upwards within the final wave ⑤ of the primary degree.

Most likely, prices will rise in price significantly above the high of 3772.99. This is marked by the minor intervening wave X.

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About the Author
“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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