AMZN Bearish Impulse Drops to $80!

<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104928/Elliott-Wave-6.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Elliott Wave" decoding="async" loading="lazy" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104928/Elliott-Wave-6.webp 750w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104928/Elliott-Wave-6-300×172.webp 300w" sizes="(max-width: 750px) 100vw, 750px" /></div><p><a href="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104742/amzn1.png"><img decoding="async" loading="lazy" class="aligncenter wp-image-203985 size-full" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104742/amzn1.png" alt="Chart of AMZN" width="1200" height="627" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104742/amzn1.png 1200w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104742/amzn1-300×157.png 300w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104742/amzn1-1024×535.png 1024w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104742/amzn1-768×401.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></a></p>
<p>In the long term, AMZN develops a bearish correction b taking the form of a zigzag Ⓐ-Ⓑ-Ⓒ of the primary degree.</p>
<p>Prices are now in the final intermediate wave (5) of the leading diagonal Ⓐ. As part of wave (5), a long correction 4 could come to an end forming a minute double zigzag.</p>
<p>Thus, in the upcoming trading days, prices could continue to fall within wave 5 to 76.47. At that level, waves 5 and 3 will be equal.</p>
<p><a href="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104811/amzn2-2.png"><img decoding="async" loading="lazy" class="aligncenter wp-image-203987 size-full" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104811/amzn2-2.png" alt="Chart of AMZN" width="1200" height="627" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104811/amzn2-2.png 1200w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104811/amzn2-2-300×157.png 300w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104811/amzn2-2-1024×535.png 1024w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/23104811/amzn2-2-768×401.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></a></p>
<p>Let&#8217;s consider an alternative scenario in which the leading diagonal Ⓐ has ended. The price is moving in the horizontal correction wave Ⓑ.</p>
<p>The primary correction wave Ⓑ, in the current version of the markup, will take the form of an intermediate double three (W)-(X)-(Y). The sub-waves (W) and (X) are already fully completed.</p>
<p>In the near future, an upward movement in the final zigzag wave (Y) is likely to 146.85, at which the first actionary leg (W) ended.</p>
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