FX.co ★ #AMZN M5: Bearish Rectangle

According to the chart of M5, #AMZN formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 177.47 - 0.00 and support 176.12 – 176.12. In case the resistance level 176.12 - 176.12 is broken, the instrument is likely to follow the bearish trend.