FX.co ★ Patterns #AMZN | Cours des actions d'Amazon.com, Inc.

The Double Top reversal pattern has been formed on #AMZN M5. Characteristics: the upper boundary 206.36; the lower boundary 204.55; the width of the pattern is 194 points. Sell trades are better to be opened below the lower boundary 204.55 with a possible movements towards the 204.40 level.

According to the chart of M5, #AMZN formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 212.67 – 212.67 and upper border 213.96 – 213.96. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on #AMZN M5; the upper boundary is 213.90; the lower boundary is 212.76. The width of the pattern is 123 points. In case of a break of the upper boundary 213.90, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M30, #AMZN produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 204.15 while the median line of the Neck is set at 217.37/218.08. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #AMZN will go towards 218.38.

The Double Bottom pattern has been formed on #AMZN M5. Characteristics: the support level 213.03; the resistance level 214.24; the width of the pattern 121 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 112 points.

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

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 221.77 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 M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 221.77; the projection of the flagpole height is equal to 502 pips. In case the price breaks out the pattern’s bottom of 221.77, the downtrend is expected to continue for further level 221.47.

The Double Bottom pattern has been formed on #AMZN M5. Characteristics: the support level 221.87; the resistance level 223.02; the width of the pattern 115 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 125 points.

According to the chart of H1, #AMZN formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 226.79, the lower border is 223.66. The signal means that a short position should be opened after fixing a price below the lower border 223.66 of the Bearish Rectangle.