Possible ABC correction with AMZN

4 Oca 2017

Posting what looks to be a bear flag / possible ABC correction with AMZN. Starting with a safe target of 700, but I expect this to go much lower. Weekly, and monthly chart looks pretty parabolic. I am also pretty bearish with the major indexes as well.

4 Oca 2017

Not

Here is a more detailed zoomed in count of the flag:


and a look at the weekly chart with bearish RSI divergence that looks pretty parabolic to me: