Emerging Channel Up pattern in its final wave was identified on the AMZN 1 hour chart. After a strong bearish run, we find AMZN heading towards the upper triangle line with a possible resistance at 226.5629. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
AMZN formed a Channel Up on the 1 hour chart. Retest of support in sight.
