FX.co ★ #AMZN M5: Bearish Symmetrical Triangle

According to the chart of M5, #AMZN formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 254.32/257.96 and upper border is 262.68/257.96. The pattern width is measured on the chart at -836 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #AMZN breaches the lower border, the price could continue its move toward 257.81.