Amazon impulse pattern remains incomplete [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

The Short-Term Elliott Wave outlook from the October 11, 2025 low remains constructive, unfolding as a five-wave impulsive structure. From that low, wave ((i)) advanced and concluded at $222, followed by a corrective pullback in wave ((ii)), which bottomed at $211.03, as illustrated in the 45-minute chart. Subsequently, the stock began nesting higher within wave ((iii)), suggesting a bullish continuation.

From wave ((ii)), wave i terminated at $223.32, and wave ii retraced to $216.52. A strong rally in wave iii reached $228.98, while wave iv produced a shallow dip to $225.54. The final leg, wave v, extended to $234, thereby completing wave (i) of a higher degree. The ensuing pullback in wave (ii) unfolded as a double three corrective structure, ending at $222.53. Within this sequence, wave w declined to $225.85, wave x rebounded to $230.45, and wave y completed the correction at $222.53. This marked the conclusion of wave (ii) in the higher degree count.

The stock then resumed its upward trajectory in wave (iii), reaching $255.55. A modest retracement in wave (iv) ended at $243.98, followed by a final push in wave (v) to $259, completing wave ((iii)). Currently, wave ((iv)) is in progress, correcting the cycle from the October 17 low. As long as the pivot at $222.53 remains intact, the pullback is expected to find support in the 3, 7, or 11 swing sequence, paving the way for further upside.

Amazon latest 45-minutes Elliott Wave chart from 11.04.2025 post market

Amazon Elliott Wave [Video]

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.