A symmetric triangle can be considered as a continuation pattern.
The only thing that worries me is that the market is highly valued. And amazon PE ratio are near 100 (compared to the Internet - Commerce industry's P/E of 51.20). next earnings will be published on 2. february. Then we will see if amazon will surprise us again with the profit figures. if not, I think a correction is expected
The only thing that worries me is that the market is highly valued. And amazon PE ratio are near 100 (compared to the Internet - Commerce industry's P/E of 51.20). next earnings will be published on 2. february. Then we will see if amazon will surprise us again with the profit figures. if not, I think a correction is expected
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