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FX.co ★ Technical analysis of Amazon for April 8, 2022

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Forex Analysis:::2022-04-08T05:26:00

Technical analysis of Amazon for April 8, 2022

Technical analysis of Amazon for April 8, 2022

As is the case for Apple, Amazon has just completed point 12 of Livermore's Accumulation Cylinder and we should see a strong decline towards point 13. The next downside target to look for is seen at 2,347 and possibly even closer to the 50% corrective target at 1,906.

Resistance is now seen at 3,416 which is expected to act as a cap for a very long time.

Analyst InstaForex
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