Price remains inside a well-defined rising channel…Amazon.com, Inc.BATS:AMZNhumorousHunter37388Price remains inside a well-defined rising channel, respecting diagonal support and resistance. The Elliott structure suggests a bullish sequence with Wave 3 completed and price currently developing a Wave 4 consolidation within the channel. From a Fibonacci perspective, the last pullback held the 38.2%–50% retracement zone (~205–215), confirming trend strength. As long as price stays above this area, the primary bullish structure remains intact. Key Levels •Support / Entry zone: 215–210 (fib + diagonal support) •Secondary support: 200 (invalidates bullish structure below) •Resistance / Partial exits: 235–240 •Upper channel target: 255–265 Strategy •Buy pullbacks near diagonal support (210–215) •Trim or exit partially near 235–240 •Trend continuation expected while holding above 200 Overall structure remains bullish, with higher targets toward the upper channel if support continues to hold.