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

#AMZN M5

Bullish Symmetrical Triangle
According to the chart of M5, #AMZN formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 226.18 and 222.86 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 332 pips. Outlook: If the upper border 226.18 is broken, the price is likely to continue its move by 225.00.
2024-12-20

#AMZN H1

Triple Top
On the chart of the #AMZN H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 224.17, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 582 points.
2024-12-12

#AMZN M5

Triple Top
On the chart of the #AMZN M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 229.29, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 185 points.
2024-12-11

#AMZN M30

Bullish pennant
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 231.44.
2024-12-11

#AMZN M5

Bearish pennant
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 224.27; the projection of the flagpole height is equal to 162 pips. In case the price breaks out the pattern’s bottom of 224.27, the downtrend is expected to continue for further level 224.12.
2024-12-10

#AMZN M5

Triple Top
The Triple Top pattern has formed on the chart of the #AMZN M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -5, support level -249, and pattern’s width 390. Forecast If the price breaks through the support level 226.04, it is likely to move further down to 229.47.
2024-12-09

#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 224.51 is broken, the downward movement will continue.
2024-12-06

#AMZN M30

Bullish pennant
The Bullish pennant pattern is formed on the #AMZN M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 225.48, a further uptrend is possible.
2024-12-06

#AMZN M30

Bullish pennant
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 220.16, with the prospect of the next move being a projection of the flagpole height.
2024-12-05

#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 217.81 is broken. The further movements will rely on the width of the current pattern 58 points.
2024-12-04