Amazon -Inverted head and Shoulder formation on hourly Breakout of neckline of inverted head and shoulder could give 214 as next price target.Longby shalinisingh65113
BEZOS AND EX-BEZOS ARE GIVING YOU A EARLY GIFT ON AMAZON!BEZOS AND EX-BEZOS ARE GIVING YOU A EARLY GIFT ON AMAZON! NASDAQ:AMZN - HIGHFIVESETUP still intact - Creating Support on Wr% - Retesting Ascending triangle and CupnHandle breakout - Measure move on both is to $300+ - Cheap on a DFCF model Have you been buying more Amazon? NFALongby RonnieV29Updated 447
$AMZN to $255.13this is based of the 6 MONTH TIMEFRAME. broke $188.75, holding above $199.84, closed above $200 mental lvl My overall move is honestly $300, $333, $360, but i'll take $255.13 based off the 1.618 fib extension Longby Dougie_dee0
AMZN on the Move: Breakout or Reversal? | Nov. 27, 2024Introduction Amazon (AMZN) has been showing notable price action, consolidating above key levels while forming a potentially bullish structure. For traders, this is a critical time to determine whether AMZN will sustain its momentum or face resistance. Let’s break down the technicals and create a clear game plan for scalping and swing trading. For a deeper dive, check out our latest podcast episode here: Market Outlook Briefing. Technical Analysis & Trading Plan 1. Market Structure & Price Action AMZN is trading near $208, breaking out of a consolidation zone and forming higher lows since the $195 level. The recent uptrend aligns with a bullish channel, suggesting a continuation if buyers maintain control. However, the price is approaching a key resistance zone where traders should remain cautious. * Immediate Support Levels: * $205.35: A key level that has acted as a pivot during this rally. * $202.02: Strong support and a liquidity zone; failure to hold could signal a pullback. * $196.70: The base of the recent trend; a critical level for bulls. * Resistance Levels: * $208.50-$210: Immediate resistance with heavy supply, marking the upper boundary of the trend channel. * $215.99: Next significant resistance; a breakout above this could signal a move to test $220. 2. Liquidity Zones & Order Blocks * Liquidity Zone at $205.35-$202.02: Watch for institutional buying in this range. Buyers stepping in here could fuel the next leg up. * Order Block at $196-$198: This area saw significant accumulation. If revisited, expect strong support for long setups. Trading Setups Scalping Strategy 1. Bullish Breakout Play: * Entry: Above $208.50 with confirmation from volume. * Target: $210-$212. * Stop-loss: Below $207.50. 2. Rejection Play: * Entry: Short below $207 if resistance holds. * Target: $205.35-$202. * Stop-loss: Above $208.50. Swing Trading Strategy 1. Bullish Swing: * Entry: Near $205-$202 for a low-risk setup. * Target 1: $210, Target 2: $215.99. * Stop-loss: Below $200. 2. Bearish Swing (Risk-Managed): * Entry: If price breaks below $202, consider a short position. * Target: $196-$198. * Stop-loss: Above $204. Trader Sentiment & Volume Insights Trader Sentiment: * Bullish Sentiment: Retail traders and institutions seem confident after AMZN’s recent upward breakout. Buyers dominate above $205. * Cautious Bears: Traders are waiting for potential rejection near $210, which aligns with a significant liquidity trap for buyers chasing late entries. Volume Analysis: * Increasing volume near $205-$208 supports bullish continuation. However, tapering volume near $208.50 could indicate weakening momentum unless buyers step in. Prediction of Market Direction 1. Bullish Case: If AMZN breaks above $210, expect a strong rally toward $215.99 and possibly $220. Higher lows and the bullish channel support this outlook. 2. Bearish Case: A failure to hold $205.35-$202 may lead to a pullback toward the $196-$198 liquidity zone. Monitor volume for confirmation. Game Plan Summary For Scalpers: * Look for quick plays near $208-$210 with volume confirmation. * Stay disciplined with tight stop-losses to manage risk. For Swing Traders: * Focus on entries near support zones ($202-$205) or post-breakout ($210). * Patience is key—wait for pullbacks to ensure favorable risk-reward setups. Conclusion Amazon is at a crucial juncture, offering opportunities for both bullish and bearish setups. Scalpers can capitalize on intraday volatility, while swing traders should focus on the broader trend and key levels. Stay disciplined, use volume as a guide, and adjust based on market conditions.by BullBearInsights2
AMAZON Trend Stream Strat BUYScenario Analysis: Update: 11/26/2024 Market incline by 3.0% -TP1 / 3.2% -Tp2 then retraces to low area @ 210.46 Market inclines 3.2% then inclines 1.1% / 1.4% - 217.5 area due to increased volatility and sentiment of crowd market could continue to tp 3 due to situation of the push. Market incline 3.2% then decline 1.1% / 1.4% - 211.5 area News & Events: Update: 11/26/2024 Amazon outperforming market competition resources match SEIIV4L studio's economic data Trump new tech tariffs Structure: Strong solid green candles wicks small, trend unexpected to fall for reversals TA/TC & ECN wise MacD Crossing 50/50 area idicates higher volatility on both buying sides Strong bullish volatility price action jump getting wilder Objective & Targets: Update: 11/26/2024 Market incline by 3.0% -TP1 / 3.2% -Tp2 then retraces to low area @ 210.46 Longby Sylynt0562
AMAZON is going to jump. I think.Not 100% sure but amazon should jump due to everyone ordering christmas giftsby BigRreem115
$AMZN: OUTLOOKNASDAQ:AMZN : OUTLOOK We could see a potential BREAK of this bearish channel soon!📈 If this happens, we might see a move up to fill the gap left behind. 👉 LIKE & FOLLOW for more updates!Longby thewolfbusinessUpdated 3
Amazon.com: New Low Above Old High?Amazon.com jumped to a new record high two weeks ago. Now some traders may see an opportunity in its latest pullback. The first pattern on today’s chart is the September high of $195.37. AMZN jumped above that level on November 1 after earnings and revenue beat estimates. It was tested the following Monday before prices rallied to new highs. The stock pulled back and held above the level again last week. Has new support been established above old resistance? Next, stochastics have dipped to an oversold condition. Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may suggest the short-term trend is still pointing higher. Finally, some traders may look for the November 15 price gap to be filled. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation11
AMZN EXCELLENT R/R SHORTWe can see in the bullish chart that it already has the 5 legs and that it is losing strength, making this the first red day for a good short.Shortby IUGRAVITY0
LONG AMZN @ 197.12 because at 728-0, how could I not?I went long on NASDAQ:AMZN because it is oversold and is one of the stocks I have backtested my system on all the way back to its first day as a publicly traded company. AMZN has literally never failed to follow through with a profitable trade after being labeled oversold by my system. I can't ignore AMZN ever because of that. It isn't always a smooth ride, but it's a dependable and profitable one (although not as profitable as you might expect). But I like trading stocks with a fully known history with my system and I have full faith that AMZN will turn a profit again. Besides, it is in the middle of a LONG, strong uptrend. This recent pullback has support and looks like a typical pullback like so many others it has had while on this run. Obviously it could be worse than that, but it isn't worse than the dot com bubble bursting or the financial crisis/Great Recession and trades in it would have made money then. So I will keep buying as long as it is oversold until the entire position is closed, just like last time I posted about AMZN. I will be closing lots as soon as they become profitable, so this could all be over on Monday, potentially/hopefully. An average win is about 2.7% and while the average trade length is 15 days, that's skewed by a few REALLY long trades. 80% of the trades closed in 5 or fewer trading days and 54% of the 728 trades closed in one day profitably. My goal here is between 1-1.5% and hopefully 3 days or less.Longby redwingcoachUpdated 226
Catching The Next Impulse On $AMZNCatching The Next Impulse On NASDAQ:AMZN Simply catching the next impulse on Amazon, a Nice impulse from 200$ to 212$ The Play Will Take Up To Two Weeks IMO Not A Financial Advice.Longby Kingmboma3
Is the correction coming to an end?Gm team AMAZON looks beaten up but it is on a low point on an upward parallel channel and also the cm williams vix fix indicator is saying the bottom is in or close. by paper_Trader17754
Amazon Pullback Ahead of Crucial Black FridayAmazon’s share price has taken a breather in recent weeks, but the stakes are high with Black Friday right around the corner. As one of the company’s busiest and most profitable periods, this is a pivotal time for both Amazon’s business and its share price. The Importance of Black Friday to Amazon's Business Black Friday isn’t just a shopping extravaganza for consumers—it’s a profit engine for Amazon. Historically, Q4 accounts for roughly 35% of Amazon's annual net sales, and Black Friday is the centrepiece of that surge. In 2023, the company recorded over $149 billion in Q4 sales, and this year, guidance suggests even bigger numbers, with net sales expected to hit $181.5–$188.5 billion, reflecting growth of 7–11%. A significant portion of this increase can be attributed to the holiday shopping period, which also helps drive millions of new Prime subscriptions and locks in recurring revenue streams. Prime Day-like events such as October’s Big Deal Days have added a layer of complexity this year, pulling some early spending forward. Even so, Black Friday and Cyber Monday remain critical, especially for high-margin categories like Amazon Devices, fashion, and third-party marketplace sales. For perspective, Amazon’s third-party sellers accounted for 60% of total units sold in Q3 2024, a trend expected to accelerate during Black Friday. The stakes extend beyond sales figures—investor sentiment is tightly tied to Amazon’s ability to execute during Q4. With operating income guidance of $16–$20 billion, compared to $13.2 billion last year, Amazon is projecting significant profitability improvements. If the company can meet or beat these numbers, it could act as a catalyst for the stock heading into 2025. Technical Analysis: Momentum Fading but Support Intact Amazon's share price has enjoyed a solid uptrend this year, consistently printing higher swing lows and tracking above its upward-sloping 200-day moving average. The shares hit fresh trend highs earlier in November but experienced a sharp pullback beginning with a notable gap lower on Friday, the 15th. This move mirrored a broader selloff among the "Magnificent Seven" tech heavyweights, which faced headwinds from rising U.S. Treasury yields. The pullback has brought Amazon's share price back to a key technical zone, where multiple levels of support converge. This area includes the 50-day moving average, a previously breached horizontal resistance level now acting as potential support, and an upward-sloping trendline linking the August and October lows. With the RSI at 49 and drifting lower, the technical picture suggests the market is at a crossroads. Upcoming factors, including Black Friday sales figures and further shifts in macroeconomic sentiment, will determine whether this level can act as a springboard or if the pullback gathers pace. AMZN Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom333
Amazon: Riding the E-Commerce and Cloud WaveAmazon is currently showing promising signs as it forms the right side of its base, presenting an excellent setup for long-term investors. With strong revenue streams from e-commerce and Amazon Web Services (AWS), the company remains a dominant force in multiple sectors. This diverse business model positions Amazon for sustained growth, even amid market fluctuations. Technical Overview: Recent price action shows Amazon bouncing off a strong support level around $182.38 , with its 21-day EMA acting as a key indicator of momentum. As it approaches the $200 mark, investors should keep a close eye on these critical levels. Profit Target: Initial target at $201.20 , with further potential upside to $210 if momentum continues. Stop Loss: Set just below the $182.38 support level to manage risk. Indicator Insights: Using tools like the MTF Squeeze Analyzer - and MTF SqzMom , we notice a squeeze firing on multiple lower timeframes, signaling that volatility is likely to increase. The 4Hour and Weekly timeframe shows a build-up in momentum, suggesting that this could propel Amazon toward the $200+ range. Monitoring these momentum shifts provides an edge in timing entry and exit points for the trade. Momentum and Market Overview: With the Larry Williams Valuation Index Indicator, we observe steady momentum on both the daily and weekly charts, supporting a positive outlook. The readings show consistent strength in Amazon’s price action. Notably, the stock has not yet reached its overvalued level , signaling a fair entry point for buyers. This provides confidence that Amazon is trading within a favorable range, with the market continuing to support buying interest. Additionally, the general market is in an uptrend, as confirmed by the IBD Market School , with 100% exposure currently active and the Power Trend ON . This signals a favorable environment for growth stocks like Amazon. Final Thoughts: This trade idea leverages both fundamental strength and technical precision, supported by our indicators available in the TradeVizion toolset. By combining a clear understanding of Amazon’s market dominance with insights from these smart tools, this setup offers a well-rounded opportunity for both short-term gains and long-term growth. Feel free to explore our scripts, designed to enhance your market understanding without overwhelming you with unnecessary complexity. Whether you’re trading breakouts or managing risk, having the right tools in your corner can make all the difference.Longby TradeVizionUpdated 10
AMZN Reversal Setup: Trading Plans for Upcoming Momentum Nov 20AMZN is showing signs of recovery after a sharp sell-off, reclaiming key levels with momentum building on the hourly timeframe. With potential for both scalping and swing trades, this setup focuses on exploiting AMZN’s trend reversal opportunities. Here’s a detailed trading plan based on price action, liquidity zones, and technical insights. Market Structure Overview * Descending Trendline Breakout: AMZN has successfully broken out of a steep descending trendline, indicating a reversal attempt. * Consolidation Phase: The stock is consolidating between $200.00 and $205.00, gearing up for a directional move. * Volume Insights: Rising volume near support levels suggests accumulation and potential upside momentum. Liquidity Zones * Demand Zone (Support): $198.50 - $200.00. Strong buying activity has been observed here, making it a crucial level for bulls to defend. * Supply Zone (Resistance): $205.00 - $208.00. Sellers may emerge in this range, as it aligns with previous rejection zones. Order Blocks * Bullish Order Block: $198.50 - $200.00. This zone could serve as a launching pad for further upside moves. * Bearish Order Block: $205.50 - $207.00. Watch for potential rejections or profit-taking here. Key Levels * Support Levels: $198.50, $200.00. * Resistance Levels: $205.00, $208.00, $215.99. Technical Indicators * 9 EMA & 21 EMA (Hourly): AMZN has crossed above these levels, signaling short-term bullish momentum. * MACD (Hourly): Bullish crossover with increasing histogram bars, confirming upward momentum. * RSI (Hourly): Neutral at mid-50s, offering room for further upside before overbought conditions. Scalping Plan * Entry: Enter long on pullbacks to $203.50 - $204.00 with confirmation from bullish candles. * Exit: Target $205.50 for partial profits, extending to $207.00 if momentum sustains. * Stop-Loss: Place a tight stop at $202.50 to manage risk. * Game Plan: Use quick momentum-based entries during volume spikes, particularly near breakout levels. Swing Trading Plan * Entry: Accumulate positions near $200.00 - $201.00 for a potential upside move. * Exit: First target at $208.00, with extended targets at $215.99 for a larger move. * Stop-Loss: Place a stop-loss below $198.50 to protect against further downside. * Game Plan: Wait for confirmation of a higher low on the hourly timeframe to add confidence to the swing setup. Projection AMZN’s breakout and consolidation above $200.00 indicate potential for a move toward $208.00 and $215.99 in the coming sessions. However, failure to hold $200.00 could see a retest of $198.50, offering another entry point for longs. My Thoughts AMZN is well-positioned for a continuation of its recovery trend. Scalpers can focus on quick trades between $203.50 and $205.50, while swing traders may find attractive opportunities near $200.00 with targets at $208.00 and beyond. Maintain discipline with stops and let the chart guide your trades. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and consult a financial professional before making trading decisions. by BullBearInsights7
$AMZN: Market OutlookNASDAQ:AMZN : Market Outlook NASDAQ:AMZN is in my GOLDEN ZONE, primed for a potential LONG setup. I’m watching for an UPTREND and RETEST (green arrow) to make my move. Targeting the DAILY GAP. Like and follow and I will keep you updated!Longby thewolfbusinessUpdated 14
AMZN TO TEST $195 and then LONG and make new highswww.tradingview.com VOLUME dips when price increase from $200 level and increase when price dips meaning $200 level buyers and exhausting. High selling pressure from ATH and today morning near $204.50 make sense that bears getting stronger for near term. On 4H chart, VOLUME divergence on two highs, when price and volume increased on first high and volume dips on 2nd high (ATH) or even on breakout from first high level. Thus showing low interest in buying at high levels for at least short term. $195 level getting support from 200 day MA Longby MAFIA_TRADER074113
Can Two Paths of Wealth Lead to the Same Mountain of Impact?In an era where wealth accumulation often dominates financial headlines, Amazon's founding family presents a fascinating dichotomy that challenges our traditional understanding of success and impact. Jeff Bezos and MacKenzie Scott, once united in building one of the world's most valuable companies, now demonstrate how divergent approaches to wealth management can equally shape our future, albeit through distinctly different lenses. The stark contrast becomes apparent in their recent financial movements: Bezos's methodical $5.1 billion stock sale through a carefully orchestrated 10b5-1 trading plan showcases traditional wealth management at its finest, maintaining significant control while diversifying assets. Meanwhile, Scott's bold $8 billion divestment for charitable causes, part of her larger $37 billion philanthropic initiative, revolutionizes the concept of billionaire responsibility. This juxtaposition raises intriguing questions about the multiple paths to creating lasting societal impact. What emerges is a compelling narrative about the evolution of wealth stewardship in the 21st century. While Bezos continues to influence global markets and pioneer space exploration with his retained $213 billion in Amazon shares, Scott's approach of direct, unrestricted funding to over 2,300 nonprofit organizations challenges traditional philanthropic models. Their contrasting strategies suggest that perhaps the true measure of wealth lies not in its accumulation, but in its potential to effect change – whether through market innovation or direct societal intervention. This modern tale of two wealth philosophies invites us to reconsider our own definitions of success and impact in an age of unprecedented financial capability.Shortby signalmastermind2
Aiming for Resilience: Trading Strategies for Amazon Next WeekRecent Performance: Amazon has faced significant market fluctuations recently, experiencing a loss of over 4%. The stock reached a temporary high before encountering resistance, resulting in sideways trading patterns. Market pressure has intensified following competitive tensions with other companies, particularly Hims and Hers, which contributed to Amazon's decline. The overall sentiment surrounding Amazon is notably negative, impacting investor confidence. - Key Insights: Investors should carefully evaluate potential entry points for trading Amazon. The recent resistance levels indicate a possible continuation of bearish momentum, warranting caution in long positions. With Amazon's advertising strategy anticipated to improve revenue, understanding when to enter or exit trades could be crucial as the stock approaches key price levels. - Expert Analysis: Market experts express concerns regarding Amazon's positioning, particularly with the integration of its advertising strategy and increasing competition in sectors such as telehealth. While the long- term outlook remains bullish, a current bearish sentiment requires strategic adjustments by investors. The anticipated holiday season could serve as a catalyst for a potential turnaround. - Price Targets: Based on the wisdom of all professional traders, the following price targets and stop levels are recommended for Amazon: Next week targets: Target 1: 208.79, Target 2: 216 Stop levels: Stop 1: 200, Stop 2: 198 Longer-term targets include a potential move to the resistance at 230 within the next two months, contingent on market conditions. - News Impact: Significant news impacting Amazon includes its entry into the telehealth market, inducing a sharp decline in Hims and Hers shares. Additionally, Amazon's plan to enhance advertising on its platforms could provide substantial revenue boosts, positioning it favorably for long-term growth despite recent trading pressures. The robotaxi market also presents new strategic avenues for Amazon's growth, garnering interest from investors.Longby CrowdWisdomTrading1
AMZN: Strong Rebound or Further Downside? Nov. 18, 2024Amazon (AMZN) has experienced a significant pullback, but signs of a potential bounce are emerging. With strong volume near critical levels, it offers opportunities for both scalping and swing trades. Let’s break down the key zones and actionable setups. Technical Overview: Market Structure: Trend: Downtrend from recent highs, with buyers attempting to establish a base near $202.50. EMA Levels: Price is below the 9 EMA (purple) and 21 EMA (blue), suggesting bearish pressure but with potential for a recovery. Key Levels: Resistance Zones: $205.50 – Key resistance aligned with previous support-turned-resistance. $209.90 – Psychological resistance and prior high. $216.00 – Major supply zone from the recent highs. Support Zones: $202.00 – Current support level holding strong. $200.00 – Psychological support. $198.00 – Critical demand zone. Supply and Demand Zones: Demand Zone: $200.00–$202.00 (buyers stepping in with high volume). Supply Zone: $205.50–$209.90 (sellers dominating at these levels). Indicators: MACD: Histogram shows bearish momentum slowing, with a potential bullish crossover developing. Volume: Increasing green volume bars indicate growing buyer interest near $202.00. Pattern: Descending channel with potential for a breakout above $205.50. Game Plan: Scalping Plan (1-Min and 5-Min Timeframe): Entry for Long: Buy if price breaks above $205.50 with strong volume. Target 1: $207.50 (mid-supply zone). Target 2: $209.90 (upper resistance zone). Entry for Short: Sell if price rejects $205.50 or breaks below $202.00. Target 1: $200.50 (psychological level). Target 2: $198.00 (demand zone test). Stop Loss: Long: Below $204.50. Short: Above $206.00. Swing Trade Plan: Bullish Scenario: Buy if price holds above $202.00 and breaks above $209.90. Target 1: $216.00 (major supply zone). Extended Target: $220.00 (channel breakout target). Stop Loss: Below $200.00. Bearish Scenario: Sell if price fails to hold $202.00 and breaks below $200.00. Target 1: $198.00 (demand zone). Extended Target: $195.00 (lower channel boundary). Stop Loss: Above $203.50. My Thoughts: For Scalping: Focus on breakouts or rejections at $205.50 for quick trades. Keep an eye on volume to confirm direction. For Swing Trades: Price action around $202.00 is critical. Holding this level sets up a bullish move, while failure could lead to further downside. Directional Bias: Short-term: Neutral-to-bullish if $202.00 holds as support. Mid-term: Slightly bearish unless price reclaims $205.50 convincingly. Actionable Suggestions: Monitor $202.00 for signs of a potential bounce. Watch for breakout or rejection at $205.50 to plan scalping trades. Avoid trading within the $202.00–$205.50 range to reduce noise. Disclaimer: This analysis is for educational purposes only and not financial advice. Always use proper risk management when trading.by BullBearInsights5
AMAZON WILL GROW|LONG| ✅AMAZON is approaching a demand level of 200$ So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bullish bandwagon just on time to get the best Risk reward ratio for us LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx1
AMZN AB=CB Amazon (AMZN) AB=CD Pattern Analysis Current Price: $202.61 (-4.19%) The 10D chart of AMZN highlights a potential AB=CD harmonic pattern forming, which could signal an important price move in the near future. Here’s the breakdown of the structure: 1. Leg AB: • The initial bullish move (leg AB) set the stage for the current uptrend, with price moving sharply from the lows to a key resistance zone around $215.90. 2. Leg BC: • A healthy pullback followed, creating leg BC. This retracement found support near critical moving averages, suggesting strength in the trend. 3. Leg CD (Projection): • Based on the symmetry of the AB=CD harmonic pattern, the projected completion point for the CD leg aligns with the $270.92 resistance level. This confluence strengthens the case for a significant move toward this target. 4. Key Levels to Watch: • Resistance at $215.90: AMZN needs to break this level decisively to confirm the continuation of leg CD. • Support at $81.96: A failure to sustain the current uptrend could invalidate the pattern and lead to a retest of this major support level. 5. Bullish Implications: • If the AB=CD pattern plays out, we could see AMZN rally toward $270.92, offering a strong reward-to-risk opportunity for traders. 6. Risk Management: • The pattern is invalidated if AMZN breaks below the BC low, signaling a potential shift in market sentiment. Takeaway: The AB=CD pattern on AMZN’s chart provides a clear roadmap for both bulls and bears. A confirmed breakout above $215.90 opens the door for a rally toward $270.92, but traders should remain cautious of invalidation signals. What’s your perspective on this potential harmonic move? Are you preparing for the breakout?Longby Tiedeyez2