$AMZN has been flowing upstream for quite some time, but the current is changing.  The intraday perspective, in this case, I’m looking at an hour chart, shows there is a higher target of 669.76 but another cyan colored harmonic pattern is creating a diversion.

The initial levels to break and hold are above 622 or below 618.41 then more important below 611.56.  An upside break of 622 has an initial target at 628.46 but like I said, the ideal target is 669.76 once price can push through obstacle level 638.9.

A downside break of 611.56 has 591.37 target with a potential breach to 585.25, this will be an important support test region because if it can’t hold there, I’m looking for 552.09 to be tested.

Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results.