FX.co ★ #AMZN M5: Double Bottom

The Double Bottom pattern has formed on the #AMZN M5 chart. Its upper boundary is at 258.89, its lower boundary is at 258.31, and its width is 60 points. A break above the upper boundary at 258.89 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.