Amazon Wave Analysis – 31 March 2026Amazon.com, Inc.BATS:AMZNFxPro Amazon: ⬆️ Buy - Amazon reversed from support level 200.00 - Likely to rise to resistance level 216.90 Amazon recently reversed from the support zone between the round support level 200.00 (which has been reversing the price from May of 2025), lower daily Bollinger Band and the 61.8% Fibonacci correction of the uptrend from last April. The upward reversal from this support zone stopped the previous minor impulse wave iii of the higher impulse wave (1) from November. Amazon can be expected to rise to the next resistance level 216.90 (former support from November, which stopped earlier wave ii).