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

The Triple Bottom pattern has formed on the chart of #AMZN M5. Features of the pattern: The lower line of the pattern has coordinates 254.30 with the upper limit 254.30/253.90, the projection of the width is 230 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 252.00, the price is most likely to continue the upward movement.

According to the chart of M5, #AMZN formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 252.00/253.18 and upper border is 254.50/253.18. The pattern width is measured on the chart at -250 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #AMZN breaches the lower border, the price could continue its move toward 253.03.

According to the chart of M5, #AMZN formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 254.32/257.96 and upper border is 262.68/257.96. The pattern width is measured on the chart at -836 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #AMZN breaches the lower border, the price could continue its move toward 257.81.

The Bearish pennant pattern has formed on the #AMZN M5 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 254.02, a trader will be able to successfully enter the sell position.

On the chart of the #AMZN M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 271.37, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 194 points.