Amazon Wave Analysis – 9 April 2026

Amazon: ⬆️ Buy

– Amazon broke resistance level 216.90

– Likely to rise to resistance level 245.00

Amazon recently broke the key resistance level 216.90 (former support from October) intersecting with the 38.2% Fibonacci correction of the downward impulse from January.

The breakout of the resistance level 216.90 accelerated the active impulse wave (c) – which started earlier from the round support level 200.00.

Amazon can be expected to rise to the next resistance level 245.00 (former triple top from January and February).