Cannot hit simple node web server hosted on EC2 instance - amazon-ec2

Question

Not able to hit my simple node web server hosted on an ubuntu EC2 in AWS. But I can't see I've missed anything! I've provided screen shots below within AWS - What am I missing? Please help!.
Many thanks,
Node code
const http = require('http');
const hostname = '127.0.0.1';
const port = 8080;
const server = http.createServer((req, res) => {
res.statusCode = 200;
res.setHeader('Content-Type', 'text/plain');
res.end('Hello World\n');
});
server.listen(port, hostname, () => {
console.log(`Server running at http://${hostname}:${port}/`);
});
Command prompt
$ node index.js
Command prompt response
Server running at http://127.0.0.1:8080/
EC2 instance
Security settings
Elastic IP settings
Browser
http://"Public DNS (IPv4) value":8080/
Update

Answer 1

When you select the type, select "Custom TCP Rule":
and enter 8080 in the port range field.
EDIT
However, that only gets you part of the way. If you notice, your server is listening on the IP address 127.0.0.1. That means that it's not listen to the outside world, only localhost. To access it outside of the server machine you'll need to change your code to:
const http = require('http');
const hostname = '0.0.0.0';
const port = 8080;
const server = http.createServer((req, res) => {
res.statusCode = 200;
res.setHeader('Content-Type', 'text/plain');
res.end('Hello World\n');
});
server.listen(port, hostname, () => {
console.log(`Server running at http://${hostname}:${port}/`);
});
The change is that you're now listening on "all interfaces" as compared to just localhost.