TradeWize · free chart read

AMZN is coiling inside a falling wedge with no clear trend inside a weekly uptrend. The coil is on thin volume. $251.63 ends the wedge, $258.81 resumes the rise.

AMZN · 4H · read on 2026-09-02 · Still forming.

What the read found

Trend: a series of higher highs and higher lows over the window, 3 steps across 50 bars — and that run is OVER: price closed below the last higher low 10 bars ago. Do not describe it as a trend that is still running.
Formation: falling wedge — Still forming.
Decides above: $258.81 (the falling wedge)
Decides below: $251.63 (the falling wedge)
Resistance: $266.98
Level history: The last two times price reached $266.98 it held once, bouncing 5.6%.

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Every figure on this page was computed from the real candles up to 2026-09-02. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns