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

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 216.61 is broken, the downward movement will continue.

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 215.46.

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.