Amazon is anticipated to be in wave 5 of primary degree, nearing its conclusion. A potential decline from the current market price to the range of 115 - 100 is expected.
In your other post, you mentioned 90 target and here 110-115
nikhilnbr
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@Sunny102s, this is 1hour chart and that is monthly chart, and i am expecting hourly correction to turn into monthly correction and do not expect it to correct it in a single swing correction and expecting double correction or complex correction that is why different targets or there are other possibility for this entire wave in 1hour becomes larger degree wave 1 within wave 5 in monthly chart, so that is also possible.
Xyz102sam
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Thank you so much for the detailed explanation:)
Xyz102sam
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@nikhilnbr Any time frame to achieve the downside target ?
nikhilnbr
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@Sunny102s, time is a relative term in Elliot wave, it can expand and contract according to the market observer, so it's very difficult to say