AMZN Still in the Danger Zone?
$Amazon.com(AMZN)$ keeps sliding, even as it holds the Smart Money Zone 📉. While we were showing higher lows near $206-$205, today’s session failed to confirm a bottom ❌.
📊 What Needs to Happen Next?
If higher lows confirm tomorrow or Thursday, we expect a breakout to $220 ✅
If that happens, we zoom out Friday—if the weekly BX flips to higher lows, the rally continues 🚀
If no confirmation, this is just another dead cat bounce
⚠️ Worst-Case Scenario?
If no bounce happens, we capitulate to $186 to fill the gap from Oct 31st. That’s also the Point of Control 📉. But if $186 breaks… structure collapses, and we turn bearish for the next 6-12 months 🛑
Amazon is at make or break levels—watch for confirmation. 👀
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