FX.co ★ #AMZN M5: Bearish Rectangle

According to the chart of M5, #AMZN formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 213.16 - 0.00 and support 211.86 – 211.86. In case the resistance level 211.86 - 211.86 is broken, the instrument is likely to follow the bearish trend.