Short setup in Amazon. Target - 1600+ zone

Apr 13, 2022

EWT wise Amazon is building a tradeable short setup in 1-2 / 1-2 fashion. I expect a retracement to 3200 area to complete wave 2 of circle 3 of wave A. It may take up to 2 weeks to complete wave 2. Demand zone for the whole wave A resides in the area of wave 4 of the larger degree (blue area on the left side).

May 11, 2022

Comment

So far it's going as planned though wave 3 dropped slightly deeper than I expected. Alt count here is ABC where wave C looks complete. I'd suggest closing short position and watch for the next short setup.

Dec 20, 2022

Comment

Wave "a" complete by Nov-Dec'22 as projected in April. Now building a base for wave "b" by Apr-May'23.