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 252.00/253.18 and upper border is 254.50/253.18. The pattern width is measured on the chart at -250 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 253.03.