Amazon Wave Analysis – 6 November 2025

Amazon: ⬇️ Sell

– Amazon reversed from resistance area

– Likely to fall to support level 0.8000

Amazon recently reversed from the resistance area between the resistance level 250.00, upper daily Bollinger Band and the resistance trendline of the daily up channel from April.

The downward reversal from this resistance area started the active short-term ABC correction 2.

Given the strength of the resistance level 250.00 and the overbought daily Stochastic, Amazon can be expected to fall to the next support level 240.00.

Source: https://fxpro.news