FX.co ★ Patterns #AMZN | Amazon.com, Inc. Stock Price
#AMZN M5
Double Bottom
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.
#AMZN M30
Double Bottom
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.
#AMZN M15
Triple Top
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.
#AMZN M5
Triple Top
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.
#AMZN M30
Double Bottom
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.
#AMZN H1
Double Bottom
The Double Bottom pattern has formed on the #AMZN H1 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.
#AMZN M5
Double Bottom
The Double Bottom pattern has formed on the #AMZN M5 chart. Its upper boundary is at 249.20, its lower boundary is at 248.62, and its width is 65 points. A break above the upper boundary at 249.20 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
#AMZN H1
Bullish Pennant
The Bullish Pennant pattern has formed on the #AMZN H1 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 262.62, the uptrend is expected to continue toward 263.02.
#AMZN H1
Bullish Pennant
A Bullish Pennant continuation signal has formed on the #AMZN H1 chart. A long position may be considered above the pattern high at 262.62, with the projected move based on the height of the flagpole.
#AMZN M5
Bullish Flag
The Bullish Flag pattern has formed on the #AMZN M5 chart. Its lower boundary passes through 259.62/258.82, while its upper boundary passes through 260.62/259.82. The projected flagpole height is 265 points. The formation indicates that the uptrend is likely to continue. A break above 260.62 would confirm further upward movement.
