signal strength 1 of 5
According to the chart of M5, #AMZN formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 194.75/195.42 whereas the upper border goes across 195.92/195.42. 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 195.57.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 36.00; the lower boundary 35.49; the width of the pattern 505 points
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the #EBAY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on #INTC M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 20.26
The M5 and M15 time frames may have more false entry points.
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