Analysis on 4H Chart (April 2025)
Amazon (AMZN) experienced a sharp sell-off, currently trading at $171.05, down -7.41% on the session. This 4H chart shows a significant bearish movement, and there are clear signs of trend continuation if key support zones don’t hold.
• Current Price: $171.05
• Weekly Pivot S3: $182.61 (Broken convincingly)
• Next Major Support: Psychological level around $165, and volume profile shows thinning in that region — potential for rapid drop if $170 fails.
• Resistance Levels:
• R1: $196.94 (Pivot)
• R2: $205.79
• R3: $211.27 (Aligns with previous highs)
Volume Profile:
• Sharp increase in bearish volume on the breakdown – confirms strong selling pressure.
• Price has breached the lower Bollinger Band decisively — could mean oversold in the short term.
Trade Ideas
Short-Term Bearish Continuation
• Entry: Below $170 on a retest and rejection.
• Target: $165 (1st target), $160 (2nd target).
• Stop: Above $175
Happy trading
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.