Starting 7.16.19 at 10:30AM ET, Lifetime + Crypto Lifetime is 75% Off. $199.95 and $99 For Annual Click here to join! 36 Hr Sale!

I use Coinbase for bitcoin trading. THE BEST and from what they say, never been hacked...Click below..

This is the long term forecast for Amazon (AMZN) on the 10 year chart.

Best case scenario on AMZN 10 year chart:  From 2003, where it was essentially down to $5-$10 to 405 was the first wave or Wave 1, the second wave or W2 correction was a cup and handle move from 405 down to 280, and the breakout above the 1.00 fibonacci resistance was the start of a Wave 3.  If AMZN has entered that Wave 3 to the full 1.618 move, the target would be as high as 880-900 long term.

Worst case scenario on AMZN 10 year chart: The corrective wave from 405 to 280 was a 382 Wave 4, and we’ve entered the 5th wave. Highest target would cap out at 600-650 on a 618 X w1 + W3 move which we’re seeing now.

Where I’m leaning:  Looks like a breakaway gap Wave 3 move, so I’m leaning 80% chance that it travels the full length of a Wave 3 to 1.618 in the 880-900 range.