Amazon recently reversed up from support area lying between the round support level 1700.00 (which has been reversing the price from June), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from last December.
The upward reversal from this support area started the active medium-term impulse wave (3).
Amazon is expected to rise further and retest the next resistance levels – 1800.00 (top of the previous impulse (1)) and 1850.00 (top of the previous wave (B)).
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