AMZN descending triangle confirmed: 1. Top level established The 4-hour and 1-hour candlesticks have formed a very standard descending triangle. Each high is lower than the previous one, rebounds are getting weaker, and bears are fully in control. 2. 258.5 is the final lifeline Currently, the stock price is barely holding on to the support level at 258.5 - 258.6. Once this level is broken, the price will accelerate downward like a magnet. 3. Meat-on-the-table setup After breaking 258.5, the first stop is 250.5 (50/100 moving average level). If it continues downward, there’s no support in between, heading straight to fill the gap below (all the way to around 245). This is a golden shorting opportunity!