FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Bullish pennant graphic pattern has formed on the #AMZN M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 187.61.

The Triple Bottom pattern has formed on the chart of the #AMZN M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 167.53/167.17.

The Bearish pennant pattern has formed on the #AMZN M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 165.57, a trader will be able to successfully enter the sell position.

According to the chart of M15, #AMZN formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 171.36 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of #AMZN M5. Features of the pattern: The lower line of the pattern has coordinates 182.48 with the upper limit 182.48/181.03, the projection of the width is 388 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 178.60, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #AMZN M5. Characteristics: the support level 173.48; the resistance level 184.78; the width of the pattern 1130 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 1138 points.

The Bearish pennant pattern has formed on the #AMZN M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 176.95 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bearish pennant pattern has formed on the #AMZN M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 180.49, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #AMZN M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 186.91 is broken. The further movements will rely on the width of the current pattern 226 points.

The Bearish pennant pattern has formed on the #AMZN M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 183.52 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.