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Amazon Wave Analysis – 21 July 2025

Amazon: ⬆️ Buy

– Amazon broke resistance zone

– Likely to rise to resistance 240.00

Amazon recently broke the resistance zone between the resistance level 227.30 (top of the previous impulse wave i) and the resistance trendline of the daily Rising Wedge from May.

The breakout of this resistance zone accelerated the active impulse wave 5 of the intermediate impulse sequence (C) from April.

Given the strength of the active impulse wave 5, Amazon can be expected to rise further to the next resistance level 240.00 (former multi-month high from February and the target price for the completion of the active impulse wave iii).

Source: Fxpro

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