Amazon Wave Analysis – 31 July 2026Amazon.com, Inc.BATS:AMZNFxPro- Amazon broke resistance zone - Likely to rise to resistance level 277.50 Amazon opened with the sharp gap breaking the resistance zone between the resistance level 258.00 (top of wave ii from the middle of July) and the resistance trendline from May. The breakout of the resistance level 258.00 coincided with the breakout of the 61.8% Fibonacci correction of the downward impulse wave from the start of May. Given the clear daily uptrend the still daily Stochastic, Amazon can be expected to rise further to the next resistance level 277.50 – top of wave (5) from May.