2026-06-18 12:39 UTC
Scenario evidence 8 markers Open evidence Close evidence
Late-May high capped the prior advance and started the lower-high to lower-low sequence.
Evidence Swing high at 274.75 was followed by persistent downside and no return to that area.
Large bearish candle broke the prior 250s support shelf and changed character from pullback to active markdown.
Evidence Wide range down day from 254.255 to 245.78, close 246.03, with elevated volume.
Price probed to a new local low but closed well off the low, showing demand near 233.6 even as trend stayed weak.
Evidence Low 233.59 with a long lower wick and the highest volume of the recent downswing.
The rebound stalled beneath the 250 area and could not build acceptance above the broken support zone.
Evidence High 249.51 but close back at 246.0, below VWAP, after the 06-15/06-16 bounce.
Bearish expansion resumed immediately after the retest failed, putting price back near the June low.
Evidence Bearish conviction candle, close near the low at 237.5, below VWAP, with above-20d average volume and expanded range.
Volume expanded as price broke support, confirming active selling rather than a quiet drift lower.
Evidence 55.61M volume, clearly above nearby sessions, on a wide bearish range.
Heavy volume with a long lower wick suggests buyers absorbed part of the selloff near 233.6.
Evidence 51.25M volume with a deep intraday flush and close materially off the low.
Selling returned on expanded range after the bounce failed, reinforcing that supply still controls the retest zone.
Evidence 44.78M volume, 1.45x the 20-day average range, close near session low.
Transaction ticket SHORT Open ticket Close ticket
- Entry
- 237.50
- Current
- 237.50
- SL
- 249.51
- TP
- 229.50
AMZN remains in a bearish breakdown-retest pattern. Price failed at broken support, resumed lower on a wide bearish candle, and is pressing the June demand zone from above.
OPEN SHORT
Open short on AMZN as the bearish breakdown-retest structure remains active and the latest daily candle confirms renewed downside pressure into nearby support.
Price
237.50
PnL
0.00%
Side
SHORT
Open short on AMZN as the bearish breakdown-retest structure remains active and the latest daily candle confirms renewed downside pressure into nearby support.
OPEN SHORT
Open short on AMZN as the bearish breakdown-retest structure remains active and the latest daily candle confirms renewed downside pressure into nearby support.
Flat state requires an entry. The stronger technical side is short: AMZN broke support on 06-05, failed to reclaim the broken 245.78-249.51 zone on 06-15/06-16, and printed a bearish expansion candle on 06-17 that closed near the low and below VWAP. Although 233.59-236 is a nearby demand zone, the latest rejection from supply gives the edge to downside continuation, so the forced-entry AT bucket should align with the dominant bearish regime rather than fade it.
Stop is set at the failed retest high, the clearest technical invalidation level. Take profit is set below 233.59 support to require actual downside continuation rather than exiting into first support.
- 06-05 support-loss breakdown candle closed at 246.03 after breaking the prior support shelf, with elevated volume of 55.61M.
- 06-16 rebound retest failed beneath overhead supply: high 249.51, close 246.0, below VWAP.
- 06-17 printed a bearish conviction candle: open 244.9, high 245.91, low 236.0, close 237.5, with close near the low and below VWAP 239.5588.
- 06-17 volume was 44.78M, identified as renewed supply after the weak retest failure.
- Current price 237.5 sits below the broken support pivot 245.78 and just above trigger support 233.59, keeping downside continuation risk active.
Watch 233.59-236 for breakdown confirmation versus another demand response; any reclaim back above 245.78, especially 249.51, would weaken the short thesis.