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FX.co ★ Patterns #AMZN | Amazon.com, Inc. Stock Price

#AMZN M5

Bullish Symmetrical Triangle
According to the chart of M5, #AMZN formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 113.70/114.58 whereas the upper border goes across 115.51/114.58. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #AMZN will breach the upper border to head for 114.73.
2022-06-24

#AMZN H1

Bearish pennant
The Bearish pennant pattern has formed on the #AMZN H1 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 102.09, a trader will be able to successfully enter the sell position.
2022-06-16

#AMZN M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of #AMZN M5. Features of the pattern: The lower line of the pattern has coordinates 104.18 with the upper limit 104.18/103.71, the projection of the width is 143 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 102.75, the price is most likely to continue the upward movement.
2022-06-16

#AMZN H1

Triple Bottom
The Triple Bottom pattern has formed on the chart of the #AMZN H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 123.68/107.00.
2022-06-16

#AMZN M30

Triple Bottom
The Triple Bottom pattern has formed on the chart of #AMZN M30. Features of the pattern: The lower line of the pattern has coordinates 123.68 with the upper limit 123.68/110.69, the projection of the width is 310 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 120.58, the price is most likely to continue the upward movement.
2022-06-15

#AMZN M30

Bearish Symmetrical Triangle
According to the chart of M30, #AMZN formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 101.83/103.36 and upper border is 105.36/103.36. The pattern width is measured on the chart at -353 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #AMZN breaches the lower border, the price could continue its move toward 103.
2022-06-14

#AMZN M15

Bearish Symmetrical Triangle
According to the chart of M15, #AMZN formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 101.83/103.36 and upper border is 105.35/103.36. The pattern width is measured on the chart at -352 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #AMZN breaches the lower border, the price could continue its move toward 103.
2022-06-14

#AMZN M5

Bearish Symmetrical Triangle
According to the chart of M5, #AMZN formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 101.83/104.13 and upper border is 105.96/104.13. The pattern width is measured on the chart at -413 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #AMZN breaches the lower border, the price could continue its move toward 103.
2022-06-13

#AMZN M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of the #AMZN M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 110.87/110.30.
2022-06-10

#AMZN M5

Bearish Symmetrical Triangle
According to the chart of M5, #AMZN formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 119.30 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -198 pips.
2022-06-09