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

The Double Bottom pattern has been formed on #AMZN M15. Characteristics: the support level 236.17; the resistance level 237.82; the width of the pattern 165 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 163 points.

The Bearish pennant pattern has formed on the #AMZN M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 237.05; the projection of the flagpole height is equal to 577 pips. In case the price breaks out the pattern’s bottom of 237.05, the downtrend is expected to continue for further level 236.83.

The Bearish Flag pattern has been formed on #AMZN at M5. The lower boundary of the pattern is located at 238.08/238.92 while the upper boundary lies at 239.08/239.92. The projection of the flagpole is 474 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 238.08 is broken, the price will move further downwards.

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 238.08, a trader will be able to successfully enter the sell position.

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 246.98 is broken, the downward movement will continue.