Amazon has corrected last weeks, and has drawn a H&S pattern. If it closes like this, I consider the H&S pattern invalidated. The histogram has a bullish divergence, bear power decreased on the second corrective leg. MACD lines have a class B bullish divergence. Correction ended at a fib cluster.
First target is the previous high, right shoulder, and 61.8% fib of the decline. Second target is the all time high at 400$
First target is the previous high, right shoulder, and 61.8% fib of the decline. Second target is the all time high at 400$