Amazon stock has been following a strong Elliott Wave impulse, with a potential wave four flat correction in progress. The stock is approaching wave 5 high, which may lead to a pause in the trend. Buyers are eyeing support around 210, which aligns with Fibonacci retracement levels. The stock has not retested February highs, indicating a consolidation phase rather than a new bearish trend. Investors should watch for a possible retracement and consider exit signals soon. For more detailed updates and analysis, visit wavetraders.com.

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