Amazon Wave Analysis – 24 March 2025

Amazon: ⬆️ Buy

– Amazon reversed from the support zone

– Likely to rise to the resistance level 210.00

Amazon recently reversed up from the support zone between the support level 190.00 (former resistance from October), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from August.

The upward reversal from this support zone started the minor correction 4 of the active intermediate impulse wave (C) from February.

Given the strength of the support level 190.00, Amazon can be expected to rise to the next resistance level 210.00, former support from February.

Source: https://fxpro.news