AMZN losing short term steam & needs pullback.

TradingView2026/04/24 15:15

By:TradingView

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After the most recent breakout and rally from AMZN; we’re now seeing it print a rising wedge.

I am particularly i treated in a short term downside move to fill two gaps below.
- first gap below is between 240-241.75
- second gap is between 233.60-235.20

Entry: I’m looking for a 4H candle close below the bottom trendline of the rising wedge.

Stop loss: close above the top of wedge.

TP1: $240
TP2: $235
TP3: past bottom of second wedge $233.60

I like the 5/8 $240 or $235 strike puts.

Play is invalid with a 4H close above the wedge forming another bullish breakout.

Happy trading.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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AMZN losing short term steam & needs pullback.

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