AMAZON flashing a massive 5-year Sell Signal.Amazon.com, Inc.BATS:AMZNTradingShotMore than 5 months ago (May 28, see chart below), we gave a strong buy signal on Amazon Inc. (AMZN), which last Friday hit our $255 Target: This time we come across a massive Sell Signal on the 1W time-frame as the price hit (and is so far being rejected on) the 5-year Higher Highs trend-line that started back on the August 31 2020 Top. We can see that during that period of time, Amazon had started a Triple Top formation that eventually led to the final rejection and the start of the 2022 Bear Cycle. Until we can talk about such a correction, we can expect at least a pull-back to its 1W MA50 (blue trend-line) as all of those 2020/21 rejections did. As a result, our medium-term Target on Amazon is $220. Notice also the similarities between the 1W RSI sequences between the two fractals (2020/21 and 2024/25), both forming Lower Highs patterns. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇