AMZN at a Critical Turning PointAmazon.com, Inc.BATS:AMZNisahebdadiThe chart shows a large Cup & Handle formation, with the neckline marked by the black horizontal resistance. Recently, AMZN broke above this neckline but failed to hold, pulling back to retest the breakout zone. Right now, price is sitting exactly on a major decision area where: •The neckline •The rising purple trendline •And the 50-day moving average all converge. This zone will determine whether AMZN resumes its uptrend or confirms a failed breakout. Bullish Scenario If AMZN holds above the $220–$225 support and forms a bullish reversal candle, the uptrend can continue. Upside Targets 1.$240 – Near-term resistance 2.$255 – Classic Cup & Handle target 3.$265–$270 – Full measured move of the pattern Stop Loss (for bullish setup) Below $216 (break of the rising trendline + failure of the pattern) Bearish Scenario If price closes below $216, it confirms: •A failed breakout •A break of the rising trendline •Start of a deeper correction Downside Targets 1.$205 – First support 2.$190 – Strong support zone 3.$173–$175 – Major long-term support Stop Loss (for bearish setup) Above $230 Summary AMZN is at a major inflection point. Holding above the trendline could trigger a strong continuation rally, but losing this level opens the door to a deeper correction. This is one of the most important zones to watch for Amazon in the coming weeks.