AMZN Current Price Action:
Price: $201.12
Recent Drop: -2.95 (-1.45%)
Support and Resistance Levels:
Immediate Resistance: $208–$212 (recent rejection zone)
Immediate Support: $193.06 (Target Price 1)
Further Supports:
Target Price 2: $187.83
Target Price 3: $167.55
Target Price 4: $164.72 / $163.55
Target Price 5: $151.54
Final Wave Target (c): $133.70
Trendlines:
Green Downtrend Line: Remains respected; price rejected at confluence.
Red Long-Term Support Trendline: Still valid; could act as a structural bounce level if tested.
Recent price action shows a breakdown from the short-term bullish move, indicating possible start of wave (c) to the downside.
Wave Structure:
Completion of corrective wave (b) followed by potential impulsive wave (c) targeting lower support areas.
Elliott Wave count suggests $133.70 is a possible wave (c) extension zone under bearish pressure.
Target Prices:
Target Price 1: $193.06
This zone is a minor support where bulls may attempt a defense.
Target Price 2: $187.83
A structural level from previous consolidation and a high-probability zone for price reaction.
Target Price 3: $167.55 – $163.55
Consolidated support zone; may attract buying interest or lead to acceleration if broken.
Target Price 4: $151.54
1-year support and psychological level.
Target Price 5 / Wave (c): $133.70
If the bearish wave unfolds fully, this is the projected terminal zone.
Summary:
Amazon (AMZN) has rejected a key resistance zone and appears to be entering wave (c) of a broader correction. The structure is bearish below the downtrend line and indicates further downside. Critical support levels to watch are $193.06 and $187.83 in the short term, with deeper targets at $167.55 and possibly as low as $133.70. This correction could accelerate if key support zones are breached.
no pain, no gain
Unveiling illusions, revealing wealth
Unveiling illusions, revealing wealth
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
no pain, no gain
Unveiling illusions, revealing wealth
Unveiling illusions, revealing wealth
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。