Technical analysis by mypostsareNotFinancialAdvice about Symbol AMZNX on 11/3/2025

Before, I claimed AMZN could propel to 700 USD or 800 USD - This is not correct. Scenario 1: AMZN reaches around 320 USD (1.618 fib extension), touching the upper purple channel rail, to then break down from the small purple channel Scenario 2: AMZN FBOs to the upside of the small purple channel and retargets the upper band of the light blue channel and 2.618 fib extension What happens after both scenarios? AMZN will collapse to the volume node and ONLY horizontal support of 5-6 USD Not financial advice.