$Amazon (AMZN.US)$ anyone knows what has been the catalyst o...
$Amazon (AMZN.US)$ anyone knows what has been the catalyst of this major downtrend?
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Jellyeve : Not sure but AWS summit is coming up on 26 June.
Spread Love N Joy : Major down trend?
Rapz : It's not a major downtrend, on the contrary the trend in the larger timeframes (Weekly/Monthly) is up. And in those timeframes, you can see that price is forming a cup and handle pattern from the peak of 2021. Right now price has just been consolidating for quite some time. I am actually looking to enter at a slightly lower price (1%+ further down), so you're not alone![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
70135896 : World War III.
Spread Love N Joy : No major downtrend….. but YOU and all your gloom and doom cry and whine posts may end up being a catalyst for one in the future.
Spread Love N Joy : See major downtrend in pic:
104158439 OP Jellyeve : How does the summit contribute to the downtrend?
Bill A 104158439 OP : Sarcasm is an art.