FX.co ★ Patterns #AMZN | Amazon.com, Inc. Stock Price

The Double Bottom pattern has been formed on #AMZN D1. Characteristics: the support level 225.51; the resistance level 258.00; the width of the pattern 3249 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 3189 points.

The Triple Top pattern has formed on the chart of the #AMZN M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 269.64/270.47 with the upper limit 271.47/271.82; the projection of the width is 183 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 269.64, the price is most likely to continue the downward movement.

The Triple Top pattern has formed on the chart of the #AMZN M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 266.26/269.64 with the upper limit 271.93/271.68; the projection of the width is 567 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 266.26, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on #AMZN M15. Characteristics: the upper boundary 271.93; the lower boundary 266.26; the width of the pattern is 521 points. Sell trades are better to be opened below the lower boundary 266.26 with a possible movements towards the 266.04 level.

The Bullish pennant signal – Trading instrument #AMZN M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 272.87, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant signal – Trading instrument #AMZN M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 275.67, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on #AMZN M5. Characteristics: the upper boundary 271.93; the lower boundary 269.84; the width of the pattern is 207 points. Sell trades are better to be opened below the lower boundary 269.84 with a possible movements towards the 269.69 level.

The Double Bottom pattern has been formed on #AMZN D1. 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 258.00 is broken. The further movements will rely on the width of the current pattern 3249 points.

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 239.72.

The Double Bottom pattern has been formed on #AMZN M15. Characteristics: the support level 227.14; the resistance level 228.84; the width of the pattern 170 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 158 points.