Shares of Amazon.com Inc., a leader in e-commerce, are trading at 210.00.

A fall is possible.

On the daily chart, the upward wave C of the highest level develops, within which the first wave (1) of C ended, and a correction forms as the second wave (2) of C. Now, the wave A of (2) is developing, and the third wave of the lowest level iii of A and the correctional fourth wave iv of A are developing. If the assumption is correct, the price of the asset will fall to the area of 143.10–118.30. In this scenario, the critical stop loss level is 205.90.