Artem Voloskovets
⬤ Amazon continues trading within a well-defined range that's held for months now, pulling back after hitting resistance at the upper boundary. The stock showed a bearish deviation at the range high, followed by a market structure break on the 4-hour timeframe that shifted momentum downward. Right now, AMZN is hovering around $233-235, finding some stability at the middle of its trading corridor after getting rejected from higher levels.
⬤ The broader range stretches from support around $195-200 up to resistance between $245-250, levels that have repeatedly turned back rallies throughout 2025. When price briefly pushed above that upper boundary, it couldn't stick—creating the bearish deviation that showed up on the charts. After breaking structure and confirming the shift, the stock drifted back toward the range center near $230, which has become a familiar pivot point where buyers and sellers tend to meet.
⬤ The next big question is how the stock handles any move back toward range highs and the supply zones sitting above current levels. If AMZN retests that resistance and gets rejected again, it could spark another leg down toward the lower end of the range. That scenario fits with the overall range-bound behavior we've been seeing—price bouncing between support and resistance without committing to either direction yet.
⬤ What happens with Amazon matters beyond just the stock itself. As one of the heaviest weights in big tech and major indices, extended consolidation or repeated failures at resistance can ripple through broader market sentiment, especially when uncertainty's already in the air. Another failed breakout attempt would likely cement this range for longer, while a clean break above $250 would finally signal something's changed structurally.
Artem Voloskovets
