FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Bullish pennant pattern is formed on the #AMZN M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 190.60, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #AMZN M15 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 190.41.

According to the chart of M15, #AMZN formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 188.05/186.77 whereas the lower border goes across 185.67/186.77. The pattern width is measured on the chart at 238 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 186.77 is broken, the price could continue its move toward 186.99.

According to the chart of M5, #AMZN formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 185.60/186.99 whereas the upper border goes across 188.05/186.99. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #AMZN will breach the upper border to head for 187.14.

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 184.51 is broken, the downward movement will continue.