Amazon Wave Analysis – 13 March 2026

Amazon: ⬇️ Sell

– Amazon reversed from resistance zone

– Likely to fall to support level 202.65

Amazon recently reversed from the resistance zone between the key resistance level 216.90 (former strong support from November) and the 38.2% Fibonacci correction of the downward impulse from January.

The downward reversal from this resistance zone started the active minor impulse wave iii.

Amazon can be expected to fall to the next support level 202.65 (which reversed the price twice in February).