Amazon's trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.
Amazon is a widely tracked FAANG stock that many describe as the market leader. This market leader, however, is tired and needs a monthly reset. A monthly reset can be price, volume, or both. Amazon's daily, weekly, and monthly reversals define key supply/demand zones. Watch Amazon's monthly reversal. It has only one right now. A close below it, accelerates the decline. It could also act as support.
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