Update to AMZN Breakout Theory 2021

8 בספט׳ 2021

Some updates based on how this theory has played out so far... I noticed current price action has begun to mimic the early stages of the 2021 Prime Day run. I highlighted the price action in pink (labeled #1) and copied it back to the run in April (#2), and forward to the current run (#3). As you can see the pattern lines up almost perfectly. The pink boxes represent time in consolidation after the initial move, and leading up to the second leg of the run. Based on the level where the current run started, I have adjusted my target to the previous ATH around $3776. Enjoy!