Briankirorio

leading or ending diagonal

Long
NASDAQ:AMZN   Amazon.com
1)i am inclined to think this is a leading diagonal for amazon given that for most part of the wave i can identify a 5-3-5-3-5 structure.With this in mind i expect the correction to be over which should be confirmed above 1855.57 where we will be in wave three
2)failure to move beyond point B <green> which is unlikely but possible .a move below 1886.68 will indicate a bigger bearish move thought this doesnt necessarily rule out the concept of a leading diagonal nor confirm it as an ending diagonal

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