• Amazon reversed from support area
• Likely to rise to 2470.00
Amazon recently reversed up sharply from the support area lying between the support level 2270.00 (low of the previous correction (A)) and the 38.2% Fibonacci correction of the previous upward impulse from April.
The upward reversal from this support area started the active impulse wave ③.
Amazon is expected to rise further toward the next resistance level 2470.00 (top of the previous waves (B) and ①).
