Amazon, is the correction over?
Hello everyone, AMAZON is in an ascending channel, which has been rejected at the top.
The lower part of the channel has served as resistance at least 5 times, so if you reach these areas, you would expect a rebound in price.
On the other hand, the Change Index remains in the green zone, above 0. Indicating that the long-term trend remains intact at the moment.
Zenith however has fallen below line 0.
There are no purchases until the Zenith averages regroup, returning to line 0, or the Change Index shows us an entry signal.
The lower part of the channel has served as resistance at least 5 times, so if you reach these areas, you would expect a rebound in price.
On the other hand, the Change Index remains in the green zone, above 0. Indicating that the long-term trend remains intact at the moment.
Zenith however has fallen below line 0.
There are no purchases until the Zenith averages regroup, returning to line 0, or the Change Index shows us an entry signal.
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