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FX.co ★ #AMZN M5: Bullish Flag

#AMZN M5: Bullish Flag

Bullish FlagThe Bullish Flag pattern has formed on the #AMZN M5 chart. Its lower boundary passes through 259.62/258.82, while its upper boundary passes through 260.62/259.82. The projected flagpole height is 265 points. The formation indicates that the uptrend is likely to continue. A break above 260.62 would confirm further upward movement.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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