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Amazon Corp. (AMZN)


AMZN Daily
(Screenshot provided with the permission of Elliottician.com)

Wave (b) of the Supercycle degree Zigzag with a good rating of 124.6 is expected to complete in the price range 27 to 113, but more probably between 37.75 and 80.75. This wave was expected to complete before 12-Aug-2004, and must complete by 10-Jul-2015.

After wave (b) is complete, expect the market to continue down into wave (c), which should be a five wave impulsive pattern. Expect wave (c) to fully retrace wave (b) and be about 61.8%, 100% or 161.8% of wave (a) by price range, with 100% the highest probability. Another probable target price for wave (c) is 61.8% of the price range of wave (a) beyond the end of wave (a). The expected time for wave (c) to complete is between 61.8% and 161.8% of the shortest wave of this pattern by time.



AMZN Daily
(Screenshot provided with the permission of Elliottician.com)

Wave (c) of the Supercycle degree inverted Zigzag with a rating of 110.4 is expected to complete in the price range 57.61 to 303.96, but more probably between 61.15 and 115.78. This wave could complete anytime between now and 04-Nov-2020, but is most likely to complete sometime between 25-Jul-2007 and 23-Dec-2008.

This wave (c) will complete the ZigZag pattern.


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