Amazon sold off from the upper end of the channel after wave 5 and is below both the averages.
Facebook – a 5 wave advance maybe complete with the channel.
Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic and international clients. Views expressed in this article are purely of the author – Mr Rohit Srivastava – a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd