Elliottwave-Forecast.com - Official Thread w/ Analysis Blogs

FTSE Short-term Elliott Wave Analysis 11.2.2016

Best reading of Elliott wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at 6930 and wave ((x)) ended at 7067.34. While bounces stay below 7067.34, and more importantly below 7129.8, expect more downside in wave ((y)) of X towards 6821.1 – 6868.4 area before Index turns higher. We don’t like selling the proposed pullback and expect buyers to appear in the area above for at least a 3 waves bounce as far as pivot at 9/15 low (6654.8) remains intact in the first degree.

Attached Image (click to enlarge)

At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

$TNX Elliott wave forecasting the rally

Hello fellow traders, in this technical blog we’re going to take a quick look of the price structure of $TNX and explain the swing sequences. The Elliott Wave chart below present EWF’s forecast from October 17th 2016 with added swings labelling . Back then, the instrument was showing incomplete bullish structure in the cycle from the July 6th low @1.336, suggesting short term pull back in 6th swing, presented as wave ((b)) and final push up in 7th swing.We advised our members to avoid selling $TNX and keep buying the dips in 3,7,11 swings against the 1.546 low. Read the full article here

How could the US Election affect Global Market ?

US Election year always comes with uncertainty for the global market with Equities, futures and forex all interested in the relative strength of the United States dollar and ultimately that strength is based upon the US economic health which is still the one that sets the path for the rest of the world . As Hillary Clinton and Donald Trump go head to head in the race for the presidency, how might the outcome affect the Financial markets?
The historical outlook for the stock market combined with the Election Cycle theory shows that U.S. stocks tend to under-perform during election years and on the first year of a new presidential term equities are likely to stay below the average . However depending on the outcome of the election , the performance of the stock markets in the longer term is different as statistics based on previous elections are showing that during the period of a democratic president S&P 500 ( SPX ) & Dow Jones ( DJIA ) gained a lot more compared to the period under a republican presidents as presented in these charts . Read the full article here

FTSE Short-term Elliott Wave Analysis 11.3.2016

Best reading of Elliott wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at 6930 and wave ((x)) ended at 7067.34. The Index has reached 100% of the ((w))-((x)) and expected to end wave X somewhere between 6745 6868 area for either a new high or at least a 3 waves bounce to correct the decline from 7129.8. While the pullback remains above 6745, and more importantly as far as pivot at 9/15 low (6654.8) remains intact, Index is likely to find buyers in the area above for at least a 3 waves bounce.



At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

$FTSE buying the dips using Elliott Wave Sequence

Previously on 8th of September 2016, Our Strategy of the Day Video presented to the clients viewed the pullback in the $FTSE as a potential long opportunity in the index, back then index reached the 7 swings extreme from February 2016 lows already in 7 swing sequence. But other Global indices were showing incomplete bullish sequence from February 2016 lows suggesting the move can extend higher as 11 swings sequence ( which is known as Triple three structure in Elliott wave language) to allow other indices to reach the extreme from February 2016 lows before cycle ends in the index. So our strategy was to buy the dips in the index in sequence of 3, 7 or 11 swings as far as pivot from June 24.2016 low remains intact for more upside in the index.
September 8th 2016 1 hour New York Midday updated chart: suggesting while below 9/02 peak (6929) it was expected that it should do extension lower to reach 100% Fibonacci extension area from August 15 peak around 6693 in 7 swing sequence before buyer’s appear again in the index for continued strength higher for new highs above August 15 peak (6955) or bounce in 3 waves at least. Index reached a low of 6654.82 on 9/15 triggering the longs at 6693 area. Since then index made the bounced strongly as expected & thus allow our member’s to create a risk free position. Read the full article here

Elliott wave Theory: The Truth behind the subjection

Elliott wave Theory : The Truth behind the subjection
As everyone knows by now, we at Elliottwave-Forecast, are always betting in the future. When you do forecasting for a living, it become a habit looking ahead everyday instead of looking behind. During the history of mankind, many theories and projects have been developed and created, but if we held onto the initial versions, we neither would have enjoyed the developments we have today, nor our society would be so up to the time, and our living conditions much worse. Elliottwave-Forecast has been in business for over a decade and like every Elliott wave participant, we started believing and practising the Theory as it was develop by Ralph Nelson Elliott in the 1930s and as he mentioned in the book, The Wave Principle. As we have always said he had a great mind and made a great discovery to be able to see the Patterns in the market. However, we also believe that the work was not complete and even when it was a tremendous discovery, there is no way, it cant be improved almost 80 year later. As humans, we tend to avoid progress, a look at the history tell us that most major developments were done by individuals and not by the crowd and those Individuals have been called crazy and their work referred to as non-sense. We at Elliottwave-Forecast, believe in making progress for the good and because we produced over 54000 charts a year using The Elliott wave Theory, we understand what aspects of the original theory as mentioned in the book are not enough and need improving / adjusting.
Having said that, we need to open our mind and understand some concepts. Firstly, Ego which, by definition, means a persons sense of self-esteem or self-importance, also the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity. Ego, is one of the reasons many humans do not allow something new to come in and consider discovering something new as if it were something wrong. Secondly, Development which can be referred to as the process of developing or being developed like evolution, growth, maturation, expansion, enlargement, spread, progress; success etc, we can see that its nothing more than the humans constantly looking for answers. Thirdly, its Reality that we need to understand, it is a very strong human weakness, and sometimes hard to understand. By definition, its the world or the state of things as they actually exist, as opposed to an idealistic or notional idea of them., Relating these three words or concepts can provide clues about subjectivity of Elliott Wave Theory, as written in the books which follow the original work of Mr Elliott, and why it doesnt work the way it should.
After this explanation, lets talk about the Theory and how it stands with the major rules and ideas. The first idea is that the markets exhibit certain repeated patterns. Mr Elliotts primary research was with stock market data for the Dow Jones Industrial Average. This research identified patterns or waves that recurred in the markets. Very simply, in the direction of the trend, expect five waves. Any corrections against the trend are in three waves. Three wave corrections are lettered as a, b, c. These patterns can be seen in long-term as well as in short-term charts. This is something, which we do not agree, with because we have seen many markets which trend in 3 waves even in the longer term and correct also in 3 waves with one thing for certain that a correction can never be in 5 waves which the Theory suggests as well. Therefore, we believe the Theory needs an adjustment there. Below is a Weekly chart of EURUSD and since the peak at 2008, we can see a drop of almost 5600 pips but the entire decline is in series of 3 waves and not a single 5 wave cycle is there in the weekly time frame. As shown in the chart, the Instrument drops a lot during 7 years and provided a bearish trend, if were following the Elliott Wave Theory as in the books, we would have been forcing 5 waves on the decline when everything was in 3 waves, then reality hits after the Market starts rallying after the corrective sequences completed or reached the target. Therefore, we reiterate that the idea that the Market trends in 5 waves and corrects in 3 waves doesnt apply to all markets and hence its not accurate and has not been accurately described in the book. Mr Elliott developed the Theory basing most of his work in the Dow Jones which is an Index and its usually the Indices which mostly trend in 5 waves due to the human development factor. Forex and most other markets trend and correct in 3 wave sequences. Read the full article here

FTSE Short-term Elliott Wave Analysis 11.4.2016

Best reading of Elliott wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at 6930 and wave ((x)) ended at 7067.34. The Index has reached 123.6% of the ((w))-((x)) and expected to end wave X somewhere between 6745 – 6820 area for either a new high or at least a 3 waves bounce to correct the decline from 7129.8 peak. While the pullback remains above 6745, and more importantly as far as pivot at 9/12 low (6654.8) remains intact, the Index is likely to find buyers in the area above for at least a 3 waves bounce.

Attached Image (click to enlarge)

At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

USDJPY Short-term Elliott Wave Analysis 11.8.2016

Best reading of Elliott wave cycles suggests that cycle from 8/18 low is unfolding as 5 waves where wave (3) ended at 105.53 and wave (4) ended at 102.53. Wave (5) has resumed higher and internal of wave (5) is unfolding as a zigzag where wave A has enough number of swing and extension to be called completed although a marginal high can not be ruled out towards 104.78 – 105.08. Once wave A is complete, expect a wave B pullback in 3, 7, or 11 swing to correct cycle from 11/3 low before pair resumes higher again towards 106 – 108 area.

Attached Image (click to enlarge)

At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

GOOGL Near Term 4 hour Elliott Wave Analysis

Here is the near term Elliott Wave analysis for the Nasdaq stock and company that really needs no introduction, Google based in Mountain View, California, USA. For purposes here in this article I’ll mention this stock is obviously in a larger uptrend since the company inception. This particular labeling of the chart is not to say the larger count is or not impulsive however may be the important thing is the uptrend. We will begin with the low from 6/27/2016 which after doing cycle analysis it appears to have ended that cycle up from there on 10/27/2016 at the 849.00 highs once the dip in the blue degree (A) wave down to 771 had mostly completed. That suggested it would correct that cycle up from the 6/27 lows in 3, 7 or 11 swings before it continued into new high territory again. The nearest term bounce up from the 11/4 wave (A) lows appears to be three swings so far and projects a 1.618 target area at 808 where I’d look for this initial bounce ending near before a pullback lower that should remain above that 771 low from 11/4 for another swing higher in the wave (B). That leg of the bounce should ideally remain below the 10/27 highs for one more leg lower toward the 50%-.618 Fibonacci retracement area to finish three larger swings lower in the correction of the cycle up from the 6/27 lows. For the specific equal legs-1.236 extension area for (C) of ((X)), will be able to get a measurement for that once the wave (B) bounce completes. As per our proprietary trend system once that dip is seen it should tell us if the pullback lower is going to be continuing deeper correcting an even larger cycle (example January lows) after the bounce from the (C) of ((X)) target area or it will resume toward new highs again.
Thanks for looking and coming to the website and if you like take a free trial subscription of our service and see if we can be of help in your trading. Kind regards & good luck trading. Lewis Jones of the elliottwave-forecast.com Team

USDJPY Short-term Elliott Wave Analysis 11.9.2016

Revised view of Elliott wave cycles suggests that cycle from 6/24 low is unfolding as a bearish triangle where wave ((A)) ended at 107.5, wave ((B)) ended at 99.51, and wave ((C)) ended at 105.5. Wave ((D)) has reached the minimum swing to end but can see marginal low towards 100.5 – 101 area before pair turns higher in wave ((E)) in 3, 7, or 11 swing to end the triangle, then the pair should resume lower again while pivot at 105.5 stays intact.

At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

$QCOM Daily Elliott Wave Analysis

Here is a daily Elliott wave analysis of Qualcomm Incorporated based in California, USA. This Nasdaq stock is well below it all time peak back in the year 2000 and did suffer a quite a pullback lower with the rest of the market into 2002 then has traded sideways to higher from there. Most recent larger degree dip appears to have ended a corrective cycle lower back on 2/12/2016 at the 42.24 lows . The uptrend from there thus far appears to be impulsive and I think it should likely do a bit of sideways trading in a wave 4 before another swing higher in the 5th wave toward $75 before it ends this cycle up from the 2/11 lows. As for the wave 4 itself, you can almost expect to see anything or a combination corrective wave however it should ideally end in that .236 to .382 Fibonacci retracement area of the wave 3. This article “What to look for in an Elliott Wave four” may be of help. Once the wave 4 is favored to have a low in place this article “How to get an Elliott Wave fifth wave target” can be of help determining the upper target area more precisely. Afterward of seeing that 75 or so area I would expect it corrects the cycle up from the 2/11 lows before much more progression higher.
Thanks for looking and coming to the website and if you like take a free trial subscription of our service and see if we can be of help in your trading. Kind regards & good luck trading. Lewis Jones of the elliottwave-forecast.com Team

IYR ( U.S. Real Estate ETF ) short term bounce

IYR is the iShares Dow Jones U.S. Real Estate ETF that tracks a market-cap-weighted index of US real estate equities listed on the major US exchanges giving an exposure to U.S. real estate companies and REITs , which invest in real estate directly and trade like stocks .

After ending a cycle on 7/29/2016 ( 85.80 ) , IYR started correcting the cycle from February low showing 5 swing incomplete bearish sequence calling for one more swing lower after the small pullback in the 6th swing to complete a double three structure ( 7 swings ) before resuming higher .

The last push lower reached 61.8% Fibonacci retracement of the 2016 rally so now IYR has the minimum number of swings to call the Elliott wave corrective structure complete and the stock can start bouncing higher in 3 waves at least toward 50%-61.8% area ( 79.55 81.01 ) from the peak , even thou another leg down is still possible to end the cycle from 10/24 peak. This bounce is what we call Elliott Wave Hedging meaning both bulls & bears agreeing that the inflection area should produce a reaction higher before deciding the new path , so depending on the speed and structure of the bounce we can later on know if IYR has really ended the correction and the pullbacks will hold above 11/4/2016 low ( 73.36 ) for a continuation to the upside or the stock still has more room to add another cycle to the downside . Read the full article here

EURAUD Short-term Elliott Wave Analysis 11.10.2016

Short Term Elliott wave cycles suggests that decline to 1.418 ended wave W and bounce to 1.4885 ended wave X. Decline from there is unfolding as a zigzag where wave (a) is in progress as 5 waves and a marginal low is expected to end wave (a) before cycle from 1.4885 ends. Afterwards, expect a wave (b) bounce in 3, 7, or 11 swing to correct cycle from 1.4885 high before pair resumes lower again. We don’t like buying the proposed bounce and expect bounces to find sellers in 3, 7, or 11 swing, provided that pivot at 1.4885 high remains intact.

Attached Image (click to enlarge)

At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

$SPX Elliott waves calling the decline & then the bounce

In this Technical blog we are going to take a look at $SPX 4 hour October 13th 2016 chart. In which instrument was showing 5 swings from August 15th peak, which is incomplete bearish sequence in New Elliott wave theory. So the idea was selling the bounces against September 22nd peak in sequence of 3, 7 or 11 swings for potential downside target at (2104-2057), which was the 100%-1.618% extension area coming from August peak to complete the 7 swing sequence from the peak (which is also known as Double three Elliott wave sequence) before resuming the trend or bouncing in 3 swings at least. Read the full article here

$SPX 4 hour October 13th 2016 chart:

$CADJPY Elliott Wave Zig Zag pattern

Hello fellow traders, in this technical blog we’re going to explain what Elliott Wave Zig Zag pattern looks like on real market example CADJPY price structure. Before we take a look at the $CADJPY chart, lets get through some basic EW theory and explain Zig Zag in a few words.
Zig zag is the most popular corrective pattern in Elliott Wave theory . It’s made of 3 swings which have 5-3-5 inner structure. Inner swings are labeled as A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A and C can be either impulsive waves or diagonals (Leading Diagonal in case of wave A or Ending in case of wave C) . Waves A and C must meet all conditions of being 5 wave structure, such as: having RSI divergency between wave subdivisions, ideal Fibonacci extensions, ideal retracements and so on…
At the graphic below, we can see what Elliott Wave Zig Zag structure looks like. 5 waves down in A, 3 wave bounce in B and another 5 waves down in C.


Before we take a look at the price structure of $CADJPY, here is a short reminder to check out New Educational blogs and Free Elliott Wave analysis .
$CADJPY H1 Asia update 10/28 2016 The pair is doing wave (x) blue recovery, correction against the 79.67 peak , which is unfolding as Elliott Wave Zig-Zag pattern. It’s showing clear 5 waves in the first leg a red, and due to a fact c red has only 3 waves so far, we’re calling for another short term swing up toward c=a area at 78.88-79.13 to complete c red as 5 waves and whole (x) blue correction as zigzag. Once (x) correction completes, we expect further decline in wave (y) blue toward new lows below 10/21 low. Read the full article here

EURAUD Short-term Elliott Wave Analysis 11.11.2016

Short Term Elliott wave cycles suggests that decline to 1.418 ended wave W and bounce to 1.4885 ended wave X. Decline from there is unfolding as a double three where wave (w) ended at 1.407. Wave (x) bounce is in progress in 3, 7, or 11 swing to correct cycle from 11/9 peak (1.4885) before turning lower. We don’t like buying the proposed bounce and expect sellers to appear after bounces is complete in 3, 7, or 11 swing, provided that pivot at 1.4885 high remains intact.



At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

AUDJPY Short-term Elliott Wave Analysis 11.15.2016

Short Term Elliott wave cycles suggests that decline to 76.75 ended wave (X). Rally from there is unfolding as double three where wave W ended at 82.46 and wave X ended at 80.23. Near term, pair is expected to correct the rally from 80.23 low, and correction is expected to complete at 80.9 – 81.11 area (50 – 61.8 retracement) before pair resumes higher. We don’t like selling the proposed pullback and expect buyers to appear at the area above for an extension higher, provided that pullbacks stay above 80.23 in the first degree. If pair breaks below 80.23, then it’s doing a double correction in wave X and opens extension lower towards 79.25 – 79.78 area before pair turns higher again.

Attached Image (click to enlarge)

At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

AUDJPY Short-term Elliott Wave Analysis 11.16.2016

Short Term Elliott wave cycles suggests that decline to 76.75 ended wave (X). Rally from there is unfolding as double three where wave W ended at 82.46 and wave X ended at 80.23. Wave (Y) is currently in progress with the internal structure as a zigzag where wave (a) is proposed complete at 82.59. Near term, expect pair to pullback in wave (b) soon in 3, 7, or 11 swing to correct cycle from 11/11 low (80.23) before pair resumes higher. Potential area for wave (b) pullback to complete is at 81.1 – 81.4 area (50 – 61.8 retracement). We don’t like selling the proposed pullback and expect pair to extend higher once wave (b) pullback is completed.

Attached Image (click to enlarge)

At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

GBPCAD Short-term Elliott Wave Analysis 11.17.2016

Short Term Elliott wave cycles suggests that rally to 1.712 ended wave ((X)). Decline from there is unfolding as a double three where wave ((w)) ended at 1.668 and wave ((x)) ended at 1.684. Pair has since resumed lower by breaking below 1.668, showing 5 swing sequence from 11/11 peak and favoring more downside. Near term, while bounces stay below 1.684, expect more downside in the pair towards as low as 1.63 – 1.64 area. We don’t like buying the pair.

Attached Image (click to enlarge)

At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

Amazon (AMZN) Short Term Correction

Amazon is one of the fewest company that kept a strong portfolio during the recent decades even after 2 stock market crises . The company issued its initial public offering of stock on 1997, trading under the NASDAQ stock exchange symbol AMZN, at a price of $1.50 per share and since then the price just kept rising year over year providing the best return for its investors .
After almost 20 years , Amazon is still rising and making new all time highs . Recently on the 6th of last October the stock made another high at $847.21 retesting the broken trend-line from February low then starting a pullback from there . The stock was expected to resume higher as usual but the pivot at September low gave up indicating that the stock was looking for a deeper 3 wave pullback before buyers could step up once again.

Looking at the current daily chart of AMZN , the stock is correcting the rally from Fabruary low looking to reach 50% – 74.6% Fibonacci area at ( $660.6 – $568.8 ) to end 3 waves from $847.2 peak . Currently it’s ending the first leg A of the correction and it’s expected to bounce in wave B against October peak before doing another leg to the downside . The correction doesn’t necessary have to be a Zigzag ( ABC ) it could switch depending on the coming structure but what’s more important is that the main trend for the Amazon remain bullish and any correction in 3 , 7 or 11 swings should provide an opportunity to buy it either for new highs or at least a larger bounce . Read the full article here