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

The Double Top reversal pattern has been formed on #AMZN M15. Characteristics: the upper boundary 211.00; the lower boundary 206.81; the width of the pattern is 429 points. Sell trades are better to be opened below the lower boundary 206.81 with a possible movements towards the 206.59 level.

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 205.46, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 134 points.

The Bullish pennant signal – Trading instrument #AMZN M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 207.29, with the prospect of the next move being a projection of the flagpole height.

On the chart of #AMZN M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 201.48; the lower boundary 198.88; the width of the pattern 260 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 198.65 level.

The Double Top reversal pattern has been formed on #AMZN M5. Characteristics: the upper boundary 201.68; the lower boundary 200.44; the width of the pattern is 118 points. Sell trades are better to be opened below the lower boundary 200.44 with a possible movements towards the 200.29 level.