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

According to the chart of M5, #AMZN formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 177.47 - 0.00 and support 176.12 – 176.12. In case the resistance level 176.12 - 176.12 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, #AMZN formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 179.87, the lower border is 179.35. The signal means that a long position should be opened above the upper border 179.87 of the Bullish Rectangle.

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 179.42 is broken, the downward movement will continue.

The Triple Bottom pattern has been formed on #AMZN M5. It has the following characteristics: resistance level 175.86/174.50; support level 173.86/173.38; the width is 200 points. In the event of a breakdown of the resistance level of 175.86, the price is likely to continue an upward movement at least to 173.77.

According to the chart of M30, #AMZN formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 179.78 – 179.78 and upper border 182.33 – 182.33. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M15, #AMZN formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 179.78 – 179.78 and upper border 182.33 – 182.33. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on #AMZN M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 182.17 is broken. The further movements will rely on the width of the current pattern 239 points.

On the chart of #AMZN M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 184.59; the lower boundary 183.05; the width of the pattern 154 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 182.90 level.

The Double Bottom pattern has been formed on #AMZN M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 185.80 is broken. The further movements will rely on the width of the current pattern 94 points.

The Double Bottom pattern has been formed on #AMZN M5; the upper boundary is 185.74; the lower boundary is 184.80. The width of the pattern is 99 points. In case of a break of the upper boundary 185.74, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.