FX.co ★ Technical analysis of Amazon for April 8, 2022

As is the case for Apple, Amazon has just completed point 12 of Livermore's Accumulation Cylinder and we should see a strong decline towards point 13. The next downside target to look for is seen at 2,347 and possibly even closer to the 50% corrective target at 1,906.

Resistance is now seen at 3,416 which is expected to act as a cap for a very long time.