Amazon Finds Support — Can Buyers Reverse the Downtrend?Amazon.com, Inc.BATS:AMZNYong726Market Structure Amazon remains in a broader bearish structure on the 4-hour chart. Since peaking near 285, the stock has continued to print lower highs and lower lows, confirming that sellers still control the overall trend. However, recent price action suggests selling momentum is beginning to slow as buyers attempt to build a base around the 248–250 support zone. Market Sentiment – Neutral to Slightly Bearish Market sentiment remains cautiously bearish. Although buying interest has emerged near recent lows, the market has yet to produce a higher high that would signal a confirmed trend reversal. Until then, rebounds should be viewed as recovery attempts within the broader downtrend. Bullish Scenario If Amazon continues to hold above 248.00 and breaks above 255.00, buyers could regain short-term momentum and target the next resistance around 260.00. A sustained move above 260.00 would improve the technical outlook and increase the probability of a broader recovery. Bearish Scenario If price falls below 248.00, selling pressure could quickly return, exposing the 244.00 support area. A break below 244.00 would reinforce the bearish structure and could open the door for another leg lower toward previous swing lows. ──────────────────── Market Outlook Amazon is attempting to stabilize after an extended decline, but the broader trend has not yet shifted in favor of buyers. The current recovery remains constructive as long as support holds, although a decisive breakout above nearby resistance is needed before confirming a stronger bullish reversal. ──────────────────── Key Levels First Resistance: 255.00 Second Resistance: 260.00 First Support: 248.00 Second Support: 244.00 ──────────────────── Future Scenarios A successful break above the First Resistance would indicate improving bullish momentum and could lead to a move toward the Second Resistance. Alternatively, if price loses the First Support, sellers may regain control, increasing the likelihood of another decline toward the Second Support before buyers attempt to stabilize the market again. ──────────────────── Event Risk Amazon may remain sensitive to upcoming U.S. economic data, Federal Reserve expectations, Treasury yield movements, consumer spending trends, AWS-related developments, retail sales data, and overall Nasdaq sentiment. Ultimately, price action should remain the primary guide. A breakout above resistance would strengthen the recovery outlook, while repeated rejection below resistance would suggest the broader downtrend remains intact. ──────────────────── Please share your view below: Do you expect Amazon to break above resistance and begin a broader recovery, or will the longer-term downtrend continue? More market structure and key level updates will be shared regularly.