Hello traders and welcome to another post where we discuss trade setups from the blue box. With our proprietary blue box trading system, we proffer key turning zone in price action where members can go short or long. In this one, we will discuss a recent long setup on the AMZN.
Amazon.com, Inc. is a global technology and e-commerce powerhouse founded by Jeff Bezos in 1994. Headquartered in Seattle and Arlington, it began as an online bookstore and evolved into a diversified conglomerate offering cloud computing (AWS), digital streaming, AI, and consumer electronics. Amazon is known for its customer-centric approach, rapid innovation, and vast logistics network. Its services include Amazon Prime, Alexa, Kindle, and more, serving millions worldwide.
Amazon (AMZN) Stock Forecast: Bullish Trend Continues as Elliott Wave Structure Extends
Amazon (AMZN) remains one of the most profitable stocks for investors. In November 2025, the stock broke to a new record high, confirming the 5th wave of the bullish cycle that began in April 2025. On the weekly chart, we identified the February 2025 top and April 2025 low as waves I and II of wave (III). Therefore, wave III from the April low could extend toward $360–$420 or even higher. From the same April low, we believe price is now in wave (5) of ((1)) of III. This suggests that wave III still has a long way to go.
Alternative Count: Wave ((3)) Target Zone
Alternatively, AMZN may have completed wave ((1)) at the July 2025 high and wave ((2)) at the October 2025 low. In that case, it could now be in wave ((3)) of I, with potential targets between $290 and $309. Either way, the bullish cycle from the April low appears far from over. For this reason, we decided to stay long from the blue box area. We continue to provide blue box zones for members on the H1 and H4 charts to identify short-to-medium term buying opportunities. The most recent setup appeared on November 7, 2025.
AMZN Bullish Setup – 7th November, 2025
After AMZN established a new peak on November 3, 2025, a pullback began. We preferred to buy at the extreme if the correction completed a 3, 7, or 11-swing pullback. As the retracement unfolded, we identified a simple 3-swing zigzag structure, with 244.08–237.05 as the blue box extreme zone. We shared this setup with Elliottwave-Forecast members on November 7, 2025, recommending a long position from the blue box.
AMZN Bullish Setup – 10th November, 2025
A few days later, on November 10, 2025, we shared an updated chart showing a strong bullish reaction from the blue box. Price reached the first target, allowing members to take partial profit while keeping the rest open for additional gains.
This has been another solid trade so far — and it could turn into a massive win if momentum continues as expected.
Summary:
- AMZN maintains a strong bullish sequence.
- Current wave count projects potential toward $360–$420.
- Blue box buy setups continue to offer high-probability trading opportunities.
- Long positions remain favored while the April 2025 low holds.
Source: https://elliottwave-forecast.com/stock-market/amzn-extends-bullish-cycle/