Just looking at another dumb Fibonacci extension that I see popping up everywhere.
Comment:
On second thought, the retrace could just be the .38 retrace not shown at 1177, basically the little peak that happened when AMZN first broke 1000.
That means 34% gain YTD then 24% downtrend from top to trough. That means it will look like .68 retrace of the yearly move... nothing too crazy.
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That means 34% gain YTD then 24% downtrend from top to trough. That means it will look like .68 retrace of the yearly move... nothing too crazy.