Amazon stock is still likely to rise towards $4000-$4300 levels

On the daily chart there is development of the ascending third wave of the senior level (3), within which the development of correction as the fourth wave 4 of (3) has been completed, and the formation of the fifth wave 5 of (3) continues.

At the moment, the third wave of the junior level iii of 5 has been formed, the development of the corrective wave iv of 5 has been completed, and the wave v of 5 is being formed, within which the local correction as wave (ii) of v is being completed.

If the assumption is correct, the price will rise to 4000.00-4300.00. The critical stop-loss level for this scenario is 3158.60.