FX.co ★ #AMZN M30: Bearish pennant

The Bearish pennant pattern has formed on the #AMZN M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 221.77; the projection of the flagpole height is equal to 502 pips. In case the price breaks out the pattern’s bottom of 221.77, the downtrend is expected to continue for further level 221.47.