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

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 208.18 is broken. The further movements will rely on the width of the current pattern 200 points.

The Triple Bottom pattern has been formed on #AMZN M5. It has the following characteristics: resistance level 210.24/209.95; support level 209.36/209.21; the width is 88 points. In the event of a breakdown of the resistance level of 210.24, the price is likely to continue an upward movement at least to 209.39.

The Triple Top pattern has formed on the chart of the #AMZN M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 203.28/204.99 with the upper limit 205.95/205.79; the projection of the width is 267 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 203.28, the price is most likely to continue the downward movement.

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 206.19 and support 204.99. In case the resistance level 206.19 - 206.19 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, #AMZN formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 198.71/199.07 whereas the upper border goes across 199.39/199.07. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #AMZN will breach the upper border to head for 199.22.

According to the chart of M5, #AMZN formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 198.78/198.04 whereas the lower border goes across 197.37/198.04. The pattern width is measured on the chart at 141 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 198.04 is broken, the price could continue its move toward 198.19.

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 193.71, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 56 points.

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 194.30 and support 193.71. In case the resistance level 194.30 - 194.30 is broken, the instrument is likely to follow the bullish trend.

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 -18, support level -84, and pattern’s width 125. Forecast If the price breaks through the support level 192.87, it is likely to move further down to 194.12.

The Bullish pennant graphic pattern has formed on the #AMZN M5 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 194.31.