A pattern has emerged on AMZN . Similar to the patterns found in other and indices this patterns represents a market reversal. Though the pattern is more clear when viewed on a the , I used the weekly to show how the targets of support lines (dotted white), match up with the long term (solid white) as well as the % of change for the . patterns usually retract by about the same percent that they increased. In this case it is about 40%. The intersection of support, trend and percentage gives a good indication of how low this is likely to go. Yellow area is target..