Shares of Amazon.com Inc., a global leader in e-commerce, are trading near 266.00.

The probability of growth remains.

On the daily timeframe, the ascending third wave of higher degree (3) of C is developing, within which the first wave of lower degree 1 of (3) has formed; the corrective phase as wave 2 of (3) has ended, and wave 3 of (3) is now forming. On the four-hour timeframe, wave i of (3) is developing, while the formation of a local correction in wave (iv) of i is approaching completion. If this scenario proves correct, the asset’s upward trend is expected to continue toward the 295.00–350.00 zone, with a critical stop-loss level at 245.30.