Member Request: A Quick Look at $AMZN and $TSLA

A member has requested a look at $AMZN and $TSLA.

I think that Amazon, like so many instruments, has been in a triangle of its own. In its case, this latest structure counts well as 3-wave A-B-C (in blue), which may be the final 3-wave structure of the triangle as a whole. If that’s so, I would expect it to begin to rally.

AMZN

Tesla is very difficult. One way to do it that would match the US indices is to interpret it as being in a triangle as well, in which case it may rally some, then pullback, then rally infinitely (on the basis that my dot-com fractal repeat thought turns out to be true).

TSLA


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


Leave a Reply

Your email address will not be published. Required fields are marked *