The Amazon Shares are in the state BTC was before the huge correction.
You can see a very very clear Elliotte Wave.
It makes the exact same moves as BTC just very slow.
And everybody is thinking that the amazon shares can't go down and that it only can go up.
DO NOT BUY RIGHT NOW!
If you want to buy right now just take a look at the BTC chart...
I expect the price to retrace to the 900€ mark.
And thats where you want to buy. Not right now.
You can see a very very clear Elliotte Wave.
It makes the exact same moves as BTC just very slow.
And everybody is thinking that the amazon shares can't go down and that it only can go up.
DO NOT BUY RIGHT NOW!
If you want to buy right now just take a look at the BTC chart...
I expect the price to retrace to the 900€ mark.
And thats where you want to buy. Not right now.
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I just saw I wrote the RSI indicates oversold I of course mean overbought!
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I would say I nailed it:
