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

The Triple Top reversal pattern has formed on the #AMZN M15 chart. Its upper boundary is at 259.35/259.43, its lower boundary is at 256.05/257.71, and its current width is 155 points. If the confirmation support at 256.05 is broken, that width can be used to project the downward move.

The Bullish Symmetrical Triangle pattern has formed on the #AMZN M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 259.26 and 257.32, respectively. The pattern width is 194 points. If the price breaks above the upper boundary at 259.26, it is likely to move toward 258.48.

The Bearish Pennant pattern has formed on the #AMZN M15 chart and signals a potential continuation of the existing trend. The pattern low is at 251.98, and the projected flagpole height is 929 points. If the price breaks below the pattern low at 251.98, the downtrend is expected to continue toward 251.76.

The Double Bottom pattern has formed on the #AMZN M5 chart. Its upper boundary is at 260.32, its lower boundary is at 259.69, and its width is 66 points. A break above the upper boundary at 260.32 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Bearish Pennant pattern has formed on the #AMZN M5 chart. A break below the pennant low at 261.21 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.