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

On the chart of #AMZN M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 201.08; the lower boundary 200.06; the width of the pattern 102 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 199.91 level.

The Bearish pennant pattern has formed on the #AMZN M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 197.05, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #AMZN M5; the upper boundary is 208.72; the lower boundary is 207.41. The width of the pattern is 134 points. In case of a break of the upper boundary 208.72, 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 M5, #AMZN formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 208.41 – 208.41 and upper border 209.55 – 209.55. 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 209.55; the lower boundary is 208.43. The width of the pattern is 114 points. In case of a break of the upper boundary 209.55, 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.

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 200.26; the projection of the flagpole height is equal to 2327 pips. In case the price breaks out the pattern’s bottom of 200.26, the downtrend is expected to continue for further level 199.96.

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 220.33 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 H1 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 231.31, a trader will be able to successfully enter the sell position.

According to the chart of M5, #AMZN formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 245.56 and support 243.23. In case the resistance level 245.56 - 245.56 is broken, the instrument is likely to follow the bullish trend.

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 243.23, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 233 points.