FX.co ★ #AMZN M15: Bearish Pennant

The Bearish Pennant pattern has formed on the #AMZN M15 chart and signals a potential continuation of the existing trend. The pattern low is at 247.90, and the projected flagpole height is 839 points. If the price breaks below the pattern low at 247.90, the downtrend is expected to continue toward 247.68.