Open:
High:
Low:
Close:
RECTANGLE
Gold
XAU/USD
1H
As we can see a rectangle takes place and the price is going to break out.
A rectangle describes a technical bearish price formation that can be used to identify the bulls have run out of steam when price breaks down.
Gold to accomodate to 5040 on a breach of 5050.
BEARISH FLAG
Ethereum
ETH/USD
1H
It seems like a bearish flag is very close to being finished, the price is ready to break out.
A bearish flag indicates that the price to go down in case if price breaks out to the the downside.
Ethusd hints a change to the downside towards 1940 on a breach of 1945 as extra rangebound not ruled out.
DESCENDING CHANNEL
EUR/USD
1H
It looks like a descending channel has been detected and the price is going to break out.
A descending channel indicates that the price to go up if price breaks out to the the upside.
It is possible that a move to 1.19 will form on a breakout of the descending channel.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge arising and btcusd demands a bigger move as a verification of a breakout.
A rising wedge indicates a potential reversal in price action if price collapses through the support line.
It is likely that corrective downside to the 67000 zone will form.
RISING WEDGE
Gold
XAU/USD
4H
A rising wedge is almost done.
A rising wedge depicts a specific indicator that is used to predict a change in the prevailing trend if price breaks out.
Gold to prolong the corrective phase towards 4800.
RISING WEDGE
EUR/USD
4H
It seems like a rising wedge is close to being complete.
A rising wedge typically spots that the price to go down in case if price breaks through the support.
Eurusd to experience further corrective weakness towards the 1.18 mark on impulse below 1.186 as upside pressure alleviates.
ASCENDING CHANNEL
Crude Oil
USOIL
4H
Crude-oil establishes an ascending channel, the price is ready to break out.
An ascending channel indicates that the price to go short once price breaks out.
A bearish move towards the 62 zone is going to happen as crude-oil becomes weak.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
As we can see a descending triangle comes out and gold wants more bigger rise for the certainty of breakout.
A descending triangle often indicates a further move up when price breaks out to the the upside.
Gold to head to 5080.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
There is a descending triangle occuring, the price requests steady fall as a clue of a breakdown.
A descending triangle typically indicates prices are likely to keep falling downward when price breaks through the support.
A move towards the 64 mark is on the cards as the commodity becomes vulnerable.
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