Amazon Wave Analysis – 17 August 2026Amazon.com, Inc.BATS:AMZNFxPro – Amazon falling inside impulse wave c – Likely to fall to support level 250.00 Amazon continues to fall inside the sharp downward impulse wave c which started earlier from the key resistance level 277.50 (which stopped the sharp uptrend in May). This resistance zone was further strengthened by the upper daily Bollinger Band. Amazon can be expected to fall further to the next support level 250.00, former resistance from July which is also the target for the completion of the active minor impulse wave c.