The analysis focuses on Amazon (AMZN) stock, primarily utilizing technical observations from daily, weekly, and hourly charts. The current price is noted at 220.69. Amazon recently experienced a rapid ascent to 258.60, followed by an atypical sharp correction. Price action indicated consolidation within a 'box-type' range, characterized by an inverted red hammer and subsequent green hammer, signaling a struggle between buyers and sellers. Sellers ultimately gained dominance, leading to a five-day downward trend, concluding with a slight bounce on the last trading day. A critical support level is identified at 211.13, which has historically provided strong bounces, even during highly volatile periods, as evidenced by multiple tests across various timeframes. The immediate prediction for AMZN is a bounce at or around the 211.13 level. Should buyers regain control following this bounce, a short-term upward movement is anticipated, targeting approximately 240.00. This target represents a potential re-entry into the previous trading range, signifying roughly a 10% gain from current levels. The timeframe for this upward movement is estimated to be a couple of weeks. The analysis acknowledges a broader market bearish narrative, as indicated by QQQ, which could influence AMZN. For short-term traders, caution is advised due to overall market indecisiveness. The failure bound for this bullish bounce scenario is established at 211.13; a sustained breach below this level would invalidate the immediate bullish outlook, suggesting potential for further short to medium-term bearish movement.