Amazon (AMZN) – Testing the Breaking Point! Amazon.com, Inc.BATS:AMZNBullBearInsightsWill Buyers Step In or Is a Bigger Drop Coming? 🧭 Weekly Chart – Macro Market Structure Amazon’s weekly chart reveals a consolidation at the top of a long-term ascending channel, with clear exhaustion signs showing after months of strong accumulation. The structure printed a CHoCH (Change of Character) below the $242 resistance zone, signaling that sellers are regaining control short-term. Price is now hovering around $197–$216, right above the key structural support that has held since mid-2024. The BOS (Break of Structure) at $197.9 last quarter remains unchallenged, so buyers still have a chance to defend this level. However, the weekly MACD is flattening after a bearish crossover, and Stoch RSI at 76.9 shows the overbought cooling phase isn’t done yet. * If $216 fails, expect a deeper retracement to $197 or even $182–$185, aligning with the lower trendline of the macro channel. * If $220 reclaims, we could see a rebound toward $238–$242, the major supply zone where previous liquidity was swept. Weekly Summary: Structure still bullish long-term, but short-term correction risk remains high. Bulls must defend $197–$211 zone to prevent a deeper downtrend shift. ⚙️ Daily Chart – Mid-Term Battle Zone The daily chart paints a more tactical story: AMZN has just confirmed another BOS down while bouncing along the ascending trendline from April. A repeated liquidity grab near $211–$212 has kept price inside this structure. The 9 EMA has crossed below the 21 EMA, confirming short-term bearish momentum. But the MACD is beginning to flatten, hinting that sellers may be losing steam. * Bullish Scenario: If AMZN reclaims $218–$220, it opens room for recovery toward $226, then $232 (previous fair value gap and GEX wall zone). * Bearish Scenario: A daily close below $211.50 would invalidate the local support, triggering continuation toward $197.50 and eventually $182 if the momentum snowballs. Daily Bias: Neutral-to-bearish until buyers reclaim $220. Still range-bound, but the risk/reward favors patience until structure confirmation. ⏱ 1-Hour Chart – Short-Term Trading Plan The 1-hour chart shows multiple CHoCH and BOS rotations, forming a clear descending range between $210–$228. The structure is still bearish overall, but the most recent BOS up with bullish divergence on MACD and Stoch RSI indicates potential for a short-term bounce. Volume profile shows absorption below $212 — that’s where smart money likely reloaded positions. * Trading Plan: * Bullish setup: Above $217.5, target $222.5 → $228, stop below $214.5. * Bearish setup: Below $211.5, short toward $205, stop above $215. If $217.5 breaks with volume, intraday momentum can accelerate fast toward $222 where heavy GEX call wall aligns. Short-Term Bias: Accumulation phase in progress. Expect choppy rebounds until one side breaks structure decisively. 💥 Options GEX & Institutional Positioning From the Options GEX snapshot: * Highest positive GEX (Call Wall): $222 → Key resistance / potential short-term magnet if breakout happens. * 2nd Call Wall: $227.5 → strong gamma resistance, aligns with upside fade zone. * Major PUT Support: $210 (–56.9% GEX) → strong liquidity and protection level. * IVR 46.4 / IVx 44.4 → elevated volatility, great for traders who prefer spreads over straight directional bets. Gamma Flow Interpretation: Market makers are heavily neutralized between $215–$220. Above $220, delta hedging could force a rapid squeeze. Below $211, negative gamma expands volatility and drives deeper flushes. 🎯 Option Strategy Suggestions 1️⃣ Bullish Play: * Buy $220C / Sell $230C (Oct 25 expiry) → captures breakout to $230, limited risk and defined reward. * For fast momentum: Buy 0DTE/2DTE $217.5 Calls once $218 breaks with strong volume. 2️⃣ Bearish Hedge: * If $211 breaks, Buy $210P / Sell $200P (Oct 18 expiry) — clean structure for downside continuation. 3️⃣ Neutral Income Play: * Expecting consolidation? Sell Iron Condor: $230C/$235C + $205P/$200P — capitalize on theta decay while AMZN stays trapped. 💬 Final Thoughts AMZN is at a critical inflection point — it’s neither fully broken down nor ready to rally yet. This $211–$218 pocket is the battlefield. Bulls reclaiming $220 flips the narrative back to bullish continuation. Bears breaking $211 unlocks a path to $197. My TA continues to show high win-rate precision, and traders can verify from past history that levels often react exactly as mapped. If you want me to break down any stock that I don’t regularly post, DM me — I’ll be happy to TA it for you. This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.