AMZN at Key Support, but Bearish C Target Still UnresolvedAmazon.com, Inc.NASDAQ:AMZNSmellyTazAMZN is testing a high-confluence support area, with price sitting at the mid-line of the broader rising channel while also interacting with the bullish WCL of the pink sequence. Under normal conditions, this would be a strong location for buyers to respond. However, the higher-priority issue is that the bearish red sequence from the all-time high still has an active C target below current price. That leaves downside pressure unresolved and prevents me from treating this support as a clean bullish continuation zone. Because of that, I see this area as a likely reaction zone, not yet a confirmed reversal zone. The most logical path from here would be: a bounce from current support a move back into the red BC then a decision on whether sellers step back in to complete the bearish C So the level is strong. But the bearish sequence is still unfinished. That conflict is what makes this chart interesting.