AMAZON rejected on its 2-year Channel Up Top. $227 next?Amazon.com, Inc.BATS:AMZNTradingShotAmazon Inc. (AMZN) has been trading within a 2-year Channel Up and just last week, it hit its Top (Higher Highs trend-line). Last time that happened (May 04), a short-term pull-back took place that hit the market's 1W MA50 (blue trend-line). The market's shortest pull-back within this pattern has been -24.82% and all Bearish Legs pulled back to their 0.618 Fibonacci retracement levels at a minimum. As a result, as long as the pattern stays intact, expect at least a correction to $227 (Fib 0.618), which may even reach $213 (Fib 0.786) if the fundamentals help. As long as the 1W MA200 (orange trend-line) holds as a Support (intact since October 30 2023), the long-term bullish trend continues. --- ** 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. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇