FX.co ★ #AMZN M5: Triple Top

The Triple Top pattern has formed on the chart of the #AMZN M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 203.28/204.99 with the upper limit 205.95/205.79; the projection of the width is 267 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 203.28, the price is most likely to continue the downward movement.