{"id":123248,"date":"2023-07-16T21:25:02","date_gmt":"2023-07-16T21:25:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/amzn-keep-reacting-higher-from-the-blue-box-areas-crypto-news\/"},"modified":"2023-07-16T21:25:03","modified_gmt":"2023-07-16T21:25:03","slug":"amzn-keep-reacting-higher-from-the-blue-box-areas-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/amzn-keep-reacting-higher-from-the-blue-box-areas-crypto-news\/","title":{"rendered":"AMZN keep reacting higher from the blue box areas\n – Crypto News"},"content":{"rendered":"

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In this technical blog, we will look at the past performance of the 1-hour Elliot Wave<\/a> Charts of Amazon ticker symbol: AMZN. In which, the rally from 01 May 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:<\/p>\n

AMZN 1-hour Elliott Wave chart from 7.10.2023<\/h2>\n

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Here’s the 1hr Elliott wave chart from the 7\/10\/2023 Midday update. In which, the rally from the 5\/01\/2023 low unfolded in an impulse sequence where wave 3 ended at $131.85 high. Down from there, the stock made a pullback in wave 4 while the internals of that pullback unfolded as Elliott wave flat structure where wave ((a)) ended at $127.37 low. Wave ((b)) ended at $130.97 high and wave ((c)) managed to reach the blue box area at $126.49-$123.72 area. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.<\/p>\n

AMZN latest 1-hour Elliott Wave chart from 7.14.2023<\/h2>\n

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This is the latest 1hr Elliott wave charts<\/a> from the 7\/14\/2023 Midday update. In which the stock is showing a reaction higher taking place, right after ending the pullback within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. Since then the stock has already made a new high confirming the next extension higher & erased divergence opening up further upside towards $137.39- $144.49 area next before a pullback happens. It’s important to note that with further data, the pullback adjusted to a double three correction.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: In this technical blog, we will look at the past performance of the 1-hour Elliot Wave Charts of Amazon ticker symbol: AMZN. In which, the rally from 01 May 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not […]<\/p>\n","protected":false},"author":2,"featured_media":24743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,800,307,255,250,252,247,253,249,256,254],"class_list":["post-123248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-elliottwave","tag-equities","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=123248"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123248\/revisions"}],"predecessor-version":[{"id":123249,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123248\/revisions\/123249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/24743"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=123248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=123248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=123248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}