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Amazon Wave Analysis 6 January 2026
(MENAFN- FxPro)
Amazon: ⬆️ Buy
– Amazon broke resistance zone
– Likely to rise to resistance level 250,00
Amazon recently broke the resistance zone between the key resistance level 238.00 (top of wave (1) from December) and the 50% Fibonacci correction of the downward correction 2 from the end of October.
The breakout of this resistance zone accelerated the active impulse wave 3 of the higher impulse wave (3) from December.
-pGiven the clear daily uptrend, Amazon can be expected to rise to the next resistance level 250,00 (target price for the completion of the active impulse wave 3).
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