Nov. 6 at 9:03 PM
📉
$AMZN – Zigzag Pullback Near Completion
Amazon is currently unfolding a 3-wave pullback within a classic zigzag structure, having reached the equal legs zone between
$244.26 and
$237.34.
This area often acts as a high-probability reversal zone, where a reaction higher is expected to develop.
📈 If the bounce confirms, the stock could resume its impulsive sequence toward new highs provided the structure holds above key October pivot.
#ElliottWave #TechnicalAnalysis