Amazon Wave Analysis – 25 November 2025

Amazon: ⬆️ Buy

– Amazon reversed from support area

– Likely to rise to resistance level 240.00

Amazon recently reversed from support area between the pivotal support level 212.00 (which has been reversing the price from May), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from April.

The upward reversal from this support area stopped the previous sharp downward correction 2.

Given the clear daily uptrend, Amazon can be expected to rise further to the next resistance level 240.00.

Source: https://fxpro.news