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

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.

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.

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.

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.

The Double Top reversal pattern has been formed on #AMZN M30. Characteristics: the upper boundary 180.26; the lower boundary 176.12; the width of the pattern is 463 points. Sell trades are better to be opened below the lower boundary 176.12 with a possible movements towards the 175.82 level.

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 177.47 - 0.00 and support 176.12 – 176.12. In case the resistance level 176.12 - 176.12 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, #AMZN formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 179.87, the lower border is 179.35. The signal means that a long position should be opened above the upper border 179.87 of the Bullish Rectangle.

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 179.42 is broken, the downward movement will continue.

The Triple Bottom pattern has been formed on #AMZN M5. It has the following characteristics: resistance level 175.86/174.50; support level 173.86/173.38; the width is 200 points. In the event of a breakdown of the resistance level of 175.86, the price is likely to continue an upward movement at least to 173.77.

According to the chart of M30, #AMZN formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 179.78 – 179.78 and upper border 182.33 – 182.33. In case the lower border is broken, the instrument is likely to follow the downward trend.