Amazon Wave Analysis – 1 May 2026

Amazon: ⬆️ Buy

– Amazon reversed from support level 258.00

– Likely to rise to resistance level 280.00

Amazon recently reversed up from the key support level 258.00 (former strong resistance from October, acting now as the support, after it was broken earlier this month).

The upward reversal from the support level 258.00 continues the active sharp minor impulse wave 3 from the end of March.

Given the strong daily uptrend, Amazon can be expected to rise to the resistance level 280.00, intersecting with the resistance trendline of the wide weekly up channel from the start of 2025.

Source: https://fxpro.news