FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M30, #AMZN formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 207.94 and support 205.04. In case the resistance level 207.94 - 207.94 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, #AMZN formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 207.94 and support 205.04. In case the resistance level 207.94 - 207.94 is broken, the instrument is likely to follow the bullish trend.

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 207.71/206.45 whereas the lower border goes across 204.77/206.45. The pattern width is measured on the chart at 294 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 206.45 is broken, the price could continue its move toward 206.60.

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 202.38.

According to the chart of H1, #AMZN formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 205.24, the lower border is 199.12. The signal means that a short position should be opened after fixing a price below the lower border 199.12 of the Bearish Rectangle.