AMZN is bouncing right off the Smart Money Zone
$Amazon.com(AMZN)$ up 2% today, bouncing right off the Smart Money Zone, exactly as expected. The BX Trender just confirmed a higher low, a key first sign of a short-term bounce.
Last time this happened, price sold off the next day, so this isn’t a full confirmation of a bottom yet. But based on structure, I’m watching for a move to $220-$227 before one last potential drop to $190.
If the weekly BX confirms higher lows next week, this could turn into a much bigger move, like September 2024, when AMZN rallied 27%.
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- AI_FocusedTrader·2025-03-06Thanks for the insightsLikeReport