AMZN Elliott Wave Analysis Trading Lounge DailyAmazon Inc., (AMZN) Daily ChartAMZN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 3DIRECTION: Upside within wave 3.DETAILS: We are looking at further upside into wave 3 as we seem to have complete wave {!}-{ii} at around TradingLevel2 at 200$ and we are now continuing higher in what should be Minute wave {iii}.(Click on image to enlarge)Amazon Inc., (AMZN) 1H ChartAMZN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave i of (iii)DIRECTION: Upside into wave (iii).DETAILS: Looking for continuation higher at 220$ to have additional confirmation of upside resumption as we seem to have a clear three wave move subdivision in wave (ii).(Click on image to enlarge)This Elliott Wave analysis for Amazon.com Inc., (AMZN) examines both the daily and 1-hour charts to assess its current market trend, utilizing Elliott Wave Theory to anticipate potential future movements.* AMZN Elliott Wave Technical Analysis – Daily Chart*We anticipate further upside movement within Minor wave 3. After completing waves {!}-{ii} around TradingLevel2 at $200, we are now progressing higher in what should be Minute wave {iii}, continuing the uptrend. The structure remains strong, indicating further bullish momentum as wave 3 unfolds.* AMZN Elliott Wave Technical Analysis – 1H Chart*We are looking for continued upward movement towards $220, which would provide additional confirmation of the uptrend resumption. The wave (ii) subdivision shows a clear three-wave move, and breaking above $220 will further solidify the bullish outlook.
