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

The Bullish Pennant pattern has formed on the #AMZN H1 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 262.62, the uptrend is expected to continue toward 263.02.

A Bullish Pennant continuation signal has formed on the #AMZN H1 chart. A long position may be considered above the pattern high at 262.62, with the projected move based on the height of the flagpole.

The Bullish Flag pattern has formed on the #AMZN M5 chart. Its lower boundary passes through 259.62/258.82, while its upper boundary passes through 260.62/259.82. The projected flagpole height is 265 points. The formation indicates that the uptrend is likely to continue. A break above 260.62 would confirm further upward movement.

The Bullish Pennant pattern has formed on the #AMZN M5 chart. This is a continuation pattern. If the price closes above the pennant high at 260.62, the uptrend is likely to continue.

The Double Bottom pattern has formed on the #AMZN M5 chart. Its support is at 245.69, its resistance is at 246.70, and its width is 101 points. A break above resistance may confirm a trend reversal, with the first target projected 104 points away.