Amazon Wave Analysis – 20 October 2025

Amazon: ⬆️ Buy

– Amazon reversed from support level 210.00

– Likely to rise to resistance level 220.00

Amazon recently reversed from the support area between the key support level 210.00 (which has been reversing the price from June), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from April

The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer.

Given the strength of the support level 210.00 and the oversold daily Stochastic, Amazon can be expected to rise to the next resistance level 220.00 (former strong support from September).

Source: https://fxpro.news