Hello fellow traders. In this technical article, we will show you how to trade Amazon (AMZN) stock on Elliott Wave charts. The stock recently completed a spotless three-wave pullback. The price action unfolded exactly as predicted, but our entry missed by less than $1. More specifically, the correction ended just $0.39 above our entry zone, highlighting the precision of the setup. In the following sections, we will discuss the Elliott Wave structure in detail, explain the setup, and outline target levels.

AMZN Elliott Wave 1-hour chart 15/05/2026

AMZN stock is currently experiencing a wave (2) of pullbacks. Since the high at 278.61, the price action has shown a clear sequence of partial swings, indicating that the correction is still ongoing. We expect 3 waves to bounce at ((b)) and another leg lower to complete the 7 swing structure.

The Blue Box buying zone is at 254.8-244.9. We recommend that members avoid selling as the broader trend remains strongly bullish. We expect at least a three-wave rebound from this area.

Once the price reaches the 50% Fibonacci retracement of the red X, positions will become risk-free by moving the stop-loss to breakeven while securing partial profits. The stop-loss is located just below the Fibonacci extension at 1.618 at 244.91.

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Official trading strategy on How to trade 3, 7 or 11 swings and a straight leg is explained in detail in the educational video available to members in the membership area.

AMZN Elliott Wave 1-hour chart 28/05/2026

The stock rebounded before falling into the Buy Zone we expected. AMZN completed a clear 7 swing sequence, bottoming out just $0.39 above base. As a result, this configuration did not result in an entry. Although we missed this particular trade, it is critical to emphasize that missed opportunities are a normal part of the trading process. Not every configuration will provide perfect performance, even if the analysis is exact.

At the same time, we continue to maintain some well-positioned trades in other instruments, which we inform our members about in the live trading room. Our focus is on consistently identifying high probability setups rather than chasing every move.

We will continue to monitor AMZN closely and look for additional trading opportunities as the structure evolves.

Reminder to members: Our membership chat rooms are available 24 hours a day and provide expert insight into market trends and Elliott Wave analysis. Please don’t hesitate to contact us if you have any questions about the market, Elliott Wave patterns or technical analysis. We are here to support.