Hello Traders Investors And Community, Welcome to this analysis about AMZN, we are looking at the 12-hour timeframe perspectives. AMZN in recent times is in a very interesting constellation as it managed to hold its higher base-formation and is showing up with some bounces within. Besides that, I discovered this amazing ascending-triangle-formation within the structure marked with the black boundaries. Within this triangle-formation, AMZN has the coherent wave count and the waves A and B already completed. As AMZN now approaches the upper boundary of the triangle where still resistance is lying this is likely to be the origin of the wave C that will approach the confirmational-bounce-cluster from where a bounce can be expected. In this case, it is necessary that AMZN rightly holds this zone and does not falls below because this will invalidate the formation. When AMZN then manages to bounce in the structure and finally marks above the upper boundary it will be the proper confirmational breakout setup to activate upside targets mainly lies within the 3850 zones marked in blue. When AMZN reaches out to these targets it has to be elevated how it proceeds further and if there can come a continuation of bullishness right away or AMZN firstly settles for a pullback which is not unlikely in this case. For now, the upcoming bullish breakout should be expected, it will be an interesting development ahead of upcoming times. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.