FX.co ★ #AMZN H1: Double Bottom

The Double Bottom pattern has formed on the #AMZN H1 chart. Its upper boundary is at 255.52, its lower boundary is at 248.55, and its width is 687 points. A break above the upper boundary at 255.52 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.