FX.co ★ #AMZN M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #AMZN M5. Features of the pattern: The lower line of the pattern has coordinates 205.86 with the upper limit 205.86/205.65, the projection of the width is 162 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 204.24, the price is most likely to continue the upward movement.