Bear flag forming on AMZN; could head lower.

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Amazon (AMZN) is currently forming a bear flag formation. Price has been consolidating along the 200 day moving average, with downward pressure from the 50 day moving average. Watch for a break below the 200 day moving average that I have colored in Red. If that happens, Amazon could return to the 1560-1620 support zone, as the measured move of the bear flag lands the price close to that region.
MA Guide (All daily for this post):
50 day MA in Green.
200 day MA in Red.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

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Here's a bit of a cleaner view of the bear flag formation:

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Hanging right around that 200 day MA:

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Broke below the 200 day moving average, heading toward that support box:

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Tagged daily 377 EMA in Grey to a tee: