Interval: Weekly

After taking a pretty big series of hits last week, the biggest online retailer Amazon has formed a Bearish Engulfing in the immediate zone of the superior line of the channel.

This could be a good signal for a correction intended to retest the 242.28 price level, also to sustain this scenario, we can see the down path of the volume after the impulse on the trend with a spike right at the last weekly drawn candle.