AMZN - Long - Echo of the Larger Pattern -> Diminished Timeframe

20 Haz 2017

This chart has been bothering me since AMZN retraced perfectly to the 25% extension. It's been moving northward ever so steadily since. What this tells me is that the plunge must have been a mechanical correction which should allow the bulls ample buying motivation, setting in motion smaller harmonic waves within the original projections. I suggest, if this pattern completes as I suspect it will, we will see another smaller retracement to the ~973 price action before gaining enough momentum to propel it to completion at 1018.
If this level is hit, then the larger, older pattern would still be in play -> trying to complete at the nosebleed upper stratosphere of 1063.

jeffbezos, "Alexa, buy me something at Whole Foods."
Alexa, "OK buying Whole Foods."