1. Market Structure & Price Action (1H Chart)
* Trend: AMZN is currently in a short-term bearish trend after rejecting from the $207 supply zone.
* CHoCH (Change of Character): The recent CHoCH around ~$198 confirms bearish control.
* Price Range: Current price is consolidating in the $191–193 zone, a potential SMC Reversal Block.
* Support Zone: $189–190 (FVG + previous demand and lowest Bid/Ask zone).
* Resistance: $198.76 (prior CHoCH zone), then $202.5–207.5.
2. Indicators
* MACD: Histogram flipping bullish with MACD line above the signal line — signaling early momentum.
* Stoch RSI: Moving up from oversold, crossing bullish — momentum is building.
3. Smart Money Concepts (SMC) Highlights
* Reversal Zone (marked): Price has entered a key bullish mitigation zone where demand previously absorbed supply.
* Internal Trendline Break: If price breaks above $195, it could trigger a BOS (Break of Structure) and change direction.
* Liquidity Grab: Previous lows at ~$189 may have been swept to trap shorts.
4. Options Flow & GEX Insights
* GEX Levels:
* Highest Positive GEX/Call Resistance: $207.04
* Major GEX Walls: $202.5, $205
* Strong PUT Wall: $185 (Highest negative NETGEX / Support)
* IV & Positioning:
* IVR: 56.6
* IVx Avg: 46
* Put%: 2.1% — 🟢 Very low put hedging pressure, bullish
* GEX Color: 🔴🔴🔴 (Bearish zone but near bottom range)
5. Trade Scenarios
🟢 Bullish Setup
* Entry: $192.5–193 (retest of reversal zone)
* Target 1: $198.76 (gap fill + CHoCH)
* Target 2: $202.5–205 (mid gamma wall)
* Stop Loss: Below $189
🔴 Bearish Setup
* Entry: If rejection below $195 with weak volume
* Target 1: $189.3
* Target 2: $185 (GEX PUT support)
* Stop Loss: Close above $198.76
6. Sentiment & Bias
* Bias: Cautiously Bullish
* Price is near exhaustion zone with momentum starting to flip.
* Watch closely for confirmation above $195 for long setups.
* Failure to hold $189 may break structure downward.
Conclusion
AMZN is sitting in a key inflection zone where Smart Money may step in. Momentum and indicators are turning up, but macro resistance at $198–202 must be cleared. Use tight risk management and let confirmation guide your trade.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.