Actual patterns

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Actual patterns

Head and Shoulders

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was formed on 21.03 at 21:10:14 (UTC+0)
signal strength 1 of 5

According to the chart of M5, #AMZN formed the Head and Shoulders pattern. The Head’s top is set at 196.36 while the median line of the Neck is found at 195.00/195.18. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #AMZN will go towards 195.03.

The M5 and M15 time frames may have more false entry points.

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Signal Strength

Head and Shoulders