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

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

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 184.99 is broken, the downward movement will continue.

According to the chart of M5, #AMZN formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 183.31 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -158 pips.

The Triple Bottom pattern has been formed on #AMZN M5. It has the following characteristics: resistance level 185.73/184.74;support level 183.52/183.61; the width is 221 points. In the event of a breakdown of the resistance level of 185.73, the price is likely to continue an upward movement at least to 183.46.

The Triple Top pattern has formed on the chart of the #AMZN M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -24, support level -27, and pattern’s width 146. Forecast If the price breaks through the support level 185.88, it is likely to move further down to 188.21.

On the chart of #AMZN M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 188.43;the lower boundary 187.09; the width of the pattern 134 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 186.94 level.

The Bullish pennant pattern is formed on the #AMZN H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 186.09, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #AMZN H1 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 186.49.

The Bullish pennant pattern is formed on the #AMZN M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 186.70, a further uptrend is possible.

The Triple Top pattern has formed on the chart of the #AMZN M15. Features of the pattern: borders have an ascending angle;the lower line of the pattern has the coordinates 176.73/179.18 with the upper limit 179.83/180.28; the projection of the width is 310 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 176.73, the price is most likely to continue the downward movement.