Amazon (AMZN) Wyckoff Distribution Schematic #2
The Wyckoff distribution structure for AMZN (Amazon) has entered Phase D which should include continued downward pressure into Q2 of 2022.
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After testing support of SOW in late January, AMZN has completed the LPSY (Last Point of Supply) rally in phase D. Selling will intensify if price falls below 2700. Opening a short here, with a stop loss at 3250
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