Amazon bounced up strongly, are the bulls back?
Amazon made a high in 1964 inside the bullish attractor completing 3 waves sequence to dip to 1672 as expected in the previous analysis https://thefinancialforecast.com/will-amazon-continue-growing/
Now price is being rejected upward from this corrective attractor after a low inside the ideal distribution area for time and speed marked with the dotted lines, but still, it is in the non-trend zone. The current upward movement is breaking the distribution in time and speed for a bearish continuation, increasing the probability of a test of the upper key level in 1899 and a continuation to the bullish attractors marked with the light blue areas above this level. If price action stays steady, an alignment in time and speed is taking place pushing down the probabilities for a bullish continuation and reducing the memory impact.