JC7USA

https://www.tradingview.com/x/TDZ8we0T/ As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: AMZN could see a modest correction this December. It's at an all time high, and well into two Wave 5 sequences on the 4h. It's also overbought on an least two oscillators. We see a 5%+ correction to the $215 price range in the coming 3-4 days . SUPPORTING OBSERVATIONS: Recent Rapid Stock Appreciation: AMZN has seen a significant rise, gaining 14.1% since November 29, 2024. Such swift increases can lead to overvaluation, prompting investors to take profits, supporting the reversal to $215. Seasonal Competitive Pressures: Ho ho ho. The holiday season intensifies competition, often leading to increased discounting and promotional activities. This can compress profit margins, potentially impacting Amazon's financial performance and investor sentiment. Investment in New Ventures: Amazon's substantial investment in initiatives like Project Kuiper, its satellite internet project, involves significant capital expenditure. While promising long-term, these ventures may pressure short-term profitability, causing some investors to reassess their positions. Be alert. Trade green.DECEMBER 11 UPDATE Since our posting above, we saw AMZN print 2 red shooting star candles. That's bearish. It recovered ground today, but our projection above still stands. Other things we're seeing: Retail giants like Walmart and Target have bolstered their online platforms, intensifying competition in the e-commerce space. This heightened rivalry could impact Amazon's market share and profitability. Additionally, Amazon's focus on competitive pricing and substantial investments in areas like cloud computing and logistics often result in narrow profit margins. If these investments don't yield expected returns, it could negatively affect the company's financial performance. Lastly, if consumers become more cautious with their spending, especially during the holiday season, Amazon's sales growth could slow down. While these factors present potential risks, many analysts remain optimistic about Amazon's long-term prospects. We see short-term correction, long-term leg up. Be alert. Trade green.

The party could continue but a correction is overdue. We're in a distinct Wave 5 move on the 2hr with several key indicators firing. Overbought on multiple oscillators.Additionally, profit-taking from recent XRP gains, driven by optimism around partial legal victories, could add selling pressure. If trading volumes drop, it could amplify the downside move, before another (potential) leg up.DECEMBER 09 UPDATE XRPUSD hit as high as 2.90 before correcting to as low as 1.95 since our post. Currently trading at 2.17, or 11% lower than when we first predicted the correction. Precise moves in and out means money in your pocket. Rinse and repeat with similar technical setups. Be Alert. Trade Green.