Open:
High:
Low:
Close:
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Mar 28
We can see that XAU/USD develops an ascending triangle and the price is going to break out now.
An ascending triangle identifies a useful price action signal that can be used to identify a further move up in case if price breaks out to the the upside.
XAU/USD to look for a further push towards the 2220 level on a breach of 2216.
Gold: Descending Triangle
XAU/USD,
1 day
LONG
Feb 29
There is a descending triangle materializing and the price demands a next move as a sign of a breakout.
In case if price breaks above resistance, the move could indicate extending an uptrend.
XAU/USD to have better chances of advancing towards 2060.
Crude Oil: Rectangle
USOIL,
1 hour
SHORT
Feb 23
A rectangle comes out, the price breaks out soon.
A rectangle is considered to be a technical formation that typically identifies a bearish move in case if price breaks below support.
Decline towards 77.6 is about to happen on a break below 77.7 amid USOIL recedes from recent highs.
Gold: Pennant
XAU/USD,
4 hours
LONG
Mar 26
It seems like a pennant is close to being done, the price lacks a next move as a verification of a breakout.
A pennant identifies a useful signal that typically predicts the more likely potential of rising prices once price breaks out to the the upside.
XAU/USD points to the upside towards the 2190 zone on a breakout of the pennant as downside pressure alleviates.
Crude Oil: Bearish Flag
USOIL,
1 hour
SHORT
Feb 23
It looks like a bearish flag has been diagnosed.
When price breaks down, the resulting move could indicate a bearish price move.
USOIL opens door for a move to the 78 zone.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
May 20
A descending channel arises, ETH/USD calls for a next move for clear breakout confirmation.
A descending channel is said to depict a compelling bullish price action indicator that often signals a breakout higher once price breaks out to the the upside.
It is not ruled out that a bullish push up to 3140 will take place on a upside break.
Crude Oil: Ascending Triangle
USOIL,
1 hour
SHORT
Feb 23
There is an ascending triangle identified and the price asks for a next move as a clue of a breakdown.
Once price breaks below support, the resulting move could indicate the more likely potential of falling prices.
A bearish continuation to 78 is about to happen.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Feb 29
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Feb 29
EUR/USD: Bearish Rectangle
EUR/USD,
1 hour
SHORT
Mar 28
There is a bearish rectangle spotted and the price requires a more active correction as a verification of a breakdown.
A bearish rectangle is believed to be a useful bearish pattern that typically indicates that the price to go down once price breaks out.
EUR/USD could attempt a move towards 1.0805 as outlook for the currency pair stays negative.
EUR/USD: Ascending Triangle
EUR/USD,
1 day
SHORT
Oct 3
As we can see the price develops an ascending triangle, the price is about to break out.
An ascending triangle depicts a technical pattern that can be used to spot a bearish price move when price breaks below support.
It is likely that a move towards the 1.1 zone will form.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Oct 15
There is a pennant identified and the price wants a more move as an indication of a breakout.
A pennant can be thought of as a specific pattern that typically results in a bullish price move when price breaks out.
BTC/USD to have better chances of advancing towards the 26900 zone as BTC/USD becomes bid.