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

The Bullish Flag pattern has been formed on the chart #AMZN M5 which signals that the upward trend will continue. Signals: а break of the peak at 213.88 may push the price higher, and the rise will be the projection of the pole.

The Double Top reversal pattern has been formed on #AMZN M15. Characteristics: the upper boundary 213.64; the lower boundary 211.18; the width of the pattern is 252 points. Sell trades are better to be opened below the lower boundary 211.18 with a possible movements towards the 210.96 level.

On the chart of #AMZN H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 208.87; the lower boundary 201.64; the width of the pattern 723 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 201.24 level.

According to the chart of M5, #AMZN produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 201.64 while the median line of the Neck is set at 204.52/205.01. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #AMZN will go towards 205.16.

According to the chart of M5, #AMZN formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 205.75 - 0.00 and support 205.12 – 205.12. In case the resistance level 205.12 - 205.12 is broken, the instrument is likely to follow the bearish trend.