FX.co ★ Patterns #AMZN | Amazon.com, Inc. Stock Price
#AMZN M5
Double Bottom
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 211.81 is broken. The further movements will rely on the width of the current pattern 51 points.
#AMZN M5
Bullish Rectangle
According to the chart of M5, #AMZN formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 213.73, the lower border is 212.96. The signal means that a long position should be opened above the upper border 213.73 of the Bullish Rectangle.
#AMZN M5
Bullish pennant
The Bullish pennant signal – Trading instrument #AMZN M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 214.38, with the prospect of the next move being a projection of the flagpole height.
#AMZN M5
Bullish pennant
The Bullish pennant graphic pattern has formed on the #AMZN M5 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 214.04.
#AMZN M15
Inverse Head and Shoulder
According to M15, #AMZN is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 210.51/210.27 is broken out, the instrument is likely to move toward 210.49.
#AMZN M30
Inverse Head and Shoulder
According to M30, #AMZN is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 210.51/210.27 is broken out, the instrument is likely to move toward 210.57.
#AMZN D1
Double Top
The Double Top reversal pattern has been formed on #AMZN D1. Characteristics: the upper boundary 218.30; the lower boundary 209.77; the width of the pattern is 812 points. Sell trades are better to be opened below the lower boundary 209.77 with a possible movements towards the 209.37 level.
#AMZN M5
Triple Bottom
The Triple Bottom pattern has been formed on #AMZN M5. It has the following characteristics: resistance level 211.29/210.97; support level 210.03/209.76; the width is 126 points. In the event of a breakdown of the resistance level of 211.29, the price is likely to continue an upward movement at least to 209.69.
#AMZN M5
Double Top
The Double Top pattern has been formed on #AMZN M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 213.24 is broken, the downward movement will continue.
#AMZN M5
Double Bottom
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 214.18 is broken. The further movements will rely on the width of the current pattern 134 points.