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

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 234.04.

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 226.38, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant pattern is formed on the #AMZN M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 226.38, a further uptrend is possible.

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 207.29, 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 213.26; the lower boundary 212.44; the width of the pattern is 82 points. Sell trades are better to be opened below the lower boundary 212.44 with a possible movements towards the 212.29 level.

According to the chart of M5, #AMZN formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 215.59, the lower border is 213.52. The signal means that a long position should be opened above the upper border 215.59 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on #AMZN M15. Characteristics: the upper boundary 215.58; the lower boundary 213.77; the width of the pattern is 182 points. Sell trades are better to be opened below the lower boundary 213.77 with a possible movements towards the 213.54 level.

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 213.77 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #AMZN M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 208.32; the projection of the flagpole height is equal to 559 pips. In case the price breaks out the pattern’s bottom of 208.32, the downtrend is expected to continue for further level 208.17.

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 214.27 is broken. The further movements will rely on the width of the current pattern 110 points.