FX.co - Actual patterns. Instrument: #AMZN: 28

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.

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Figure:

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Double Top

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Timeframe:

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M5

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Signal strength:

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Signal direction:

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#AMZN

#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 182.30; the projection of the flagpole height is equal to 511 pips. In case the price breaks out the pattern’s bottom of 182.30, the downtrend is expected to continue for further level 182.15.

2024-05-15T14:07:46

#AMZN M5

Bearish Rectangle

According to the chart of M5, #AMZN formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 186.32 - 0.00 and support 185.30 – 185.30. In case the resistance level 185.30 - 185.30 is broken, the instrument is likely to follow the bearish trend.

2024-05-13T17:48:34

#AMZN M30

Bearish pennant

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 185.37, a trader will be able to successfully enter the sell position.

2024-05-13T17:00:06

#AMZN M5

The Double Top reversal pattern has been formed on #AMZN M5. Characteristics: the upper boundary 190.17; the lower boundary 187.41; the width of the pattern is 271 points. Sell trades are better to be opened below the lower boundary 187.41 with a possible movements towards the 187.26 level.

2024-05-09T15:10:28

#AMZN M5

Bullish pennant

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 186.99, a further uptrend is possible.

2024-05-03T13:45:22

#AMZN M5

The Double Top reversal pattern has been formed on #AMZN M5. Characteristics: the upper boundary 185.00; the lower boundary 183.87; the width of the pattern is 108 points. Sell trades are better to be opened below the lower boundary 183.87 with a possible movements towards the 183.72 level.

2024-05-02T19:05:20

#AMZN M5

Bearish Symmetrical Triangle

According to the chart of M5, #AMZN formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 178.44 is likely to encourage a continuation of the downward trend.

2024-04-30T19:32:50

#AMZN M5

Bearish Rectangle

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 178.43 – 178.43 and upper border 179.70 – 179.70. In case the lower border is broken, the instrument is likely to follow the downward trend.

2024-04-30T17:46:49

#AMZN M5

The Double Bottom pattern has been formed on #AMZN M5; the upper boundary is 179.69; the lower boundary is 178.44. The width of the pattern is 126 points. In case of a break of the upper boundary 179.69, 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.

2024-04-30T17:05:18

#AMZN M15

Head and Shoulders

The technical pattern called Head and Shoulders has appeared on the chart of #AMZN M15. There are weighty reasons to suggest that the price will surpass the Neckline 178.92/179.33 after the right shoulder has been formed. So, the trend is set to change with the price heading for 179.10.

2024-04-29T18:30:15