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

The Double Bottom pattern has formed on the #AMZN M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 252.65. The projected move is based on the pattern width of 53 points.

The Double Bottom pattern has formed on the #AMZN M30 chart. Its upper boundary is at 250.54, its lower boundary is at 247.80, and its width is 283 points. A break above the upper boundary at 250.54 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Triple Top pattern has formed on the chart of the #AMZN M15 trading instrument. It is a reversal pattern with resistance at 263.38/263.57, support at 261.52/262.41, and a width of 186 points. A break below the confirmation support at 261.52 may signal further downward movement.

The Triple Top pattern has formed on the chart of #AMZN M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 261.43 may confirm the bearish scenario. The projected peak-to-trough width is 138 points.

The Double Bottom pattern has formed on the #AMZN M30 chart. Its upper boundary is at 255.52, its lower boundary is at 248.55, and its width is 687 points. A break above the upper boundary at 255.52 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.