TradingView
Cuddles1997-1999
28. Jan. 2018 16:25

Long AMZN to 1600, then short to 1k support.  Long

Amazon.com, Inc.NASDAQ

Beschreibung

Just looking at another dumb Fibonacci extension that I see popping up everywhere.

Kommentar

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.
Mehr