FX.co ★ #AMZN H1: Bearish pennant

The Bearish pennant pattern has formed on the #AMZN H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 102.09; the projection of the flagpole height is equal to 692 pips. In case the price breaks out the pattern’s bottom of 102.09, the downtrend is expected to continue for further level 101.69.