🔹 AMZN is showing a clear bearish market structure, with lower highs and lower lows developing beneath a descending trendline. Price has recently moved below the 256 resistance area and is consolidating around 250–252, suggesting continued selling pressure. The highlighted resistance zone remains an important area for price action, while the lower liquidity area near 233 represents a key downside level visible on the chart.
🔸 If AMZN remains below the 256 resistance zone, bearish continuation toward the lower liquidity area could develop, while a reclaim and confirmed breakout above resistance may shift the short-term structure toward a more constructive outlook. Traders may wait for clear price confirmation before considering any trade. If the current structure fails and buyers reclaim the resistance zone, the bearish scenario could weaken and further consolidation or recovery may follow.
This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.
🔸 If AMZN remains below the 256 resistance zone, bearish continuation toward the lower liquidity area could develop, while a reclaim and confirmed breakout above resistance may shift the short-term structure toward a more constructive outlook. Traders may wait for clear price confirmation before considering any trade. If the current structure fails and buyers reclaim the resistance zone, the bearish scenario could weaken and further consolidation or recovery may follow.
This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.
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