AMZN, GOOGL, PPL updates 07/19

AMZN: remains tricky to count on the daily chart, due to the many waves. I have it now either in minor-5 of intermediate-iii of major-3 of Primary-III or it is close to completing minor-5 of intermediate-v of major-5 of Primary III. Those are the two best counts I can provide. Either way, both are close to significant tops.



GOOGL: Similar to AMZN also here two possible counts. It can be either in minor-5 of intermediate-iii of major-3 of primary-V, or it is one degree higher and now in intermediate-v of major-3. Given how the Fib-extensions worked out with a nice top at the 1.618x extension for intermediate-i one would prefer the latter count, but then I am missing a minor-4 wave in between… Time will have to tell, unfortunately, as this is the best I can do. Regardless, also GOOGL is most likely close to a significant top.

GOOGL daily


PPL: New ticker due to a member request. Monthly chart shown. Counts best as having completed C1 in the form of a large ABC and price is now in (a sloppy, overlapping) Primary B to the target zone given. It may already have topped or go for the broken support level at $45ish (white horizontal line); for a classic retest and then relapse. A C=A relationship then targets to about the $9-$11 support region for all of C2.