FX.co ★ #AMZN M30: Inverse Head and Shoulder

According to the chart of M30, #AMZN produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 204.15 while the median line of the Neck is set at 217.37/218.08. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #AMZN will go towards 218.38.