Short‑term Elliott Wave analysis in Amazon (AMZN) indicates that the cycle from the April 7, 2025 low concluded with wave ((1)) at $287.22, forming a diagonal structure. The stock has since entered a larger‑degree wave ((2)) pullback designed to correct that completed cycle. The internal subdivision of wave ((2)) has developed as a zigzag, creating a clear corrective pattern. From the wave ((1)) peak, wave 1 finished at $274.63, followed by a measured recovery in wave 2 that ended at $282.79. The decline then extended in wave 3, which reached $258.34, and a modest rebound in wave 4 ended at $262.90. The final leg, wave 5, terminated at $255.02, completing wave (A) at the higher degree.
The market has now entered wave (B), which is advancing to correct the cycle from the August 3, 2026 high in either three or seven swings before the broader downtrend resumes. Internally, wave (B) is unfolding as a zigzag, with wave A ending at $267.56 and wave B concluding at $257.12. In the near term, the structure favors a continuation higher in wave C before the stock turns lower again. As long as the pivot at the $287.22 high remains intact, the expectation is for the current rally to fail in three or seven swings, allowing the broader downside to extend.
Amazon 60 minute Elliott Wave chart
Amazon Elliott Wave [Video]
