Open:
High:
Low:
Close:
ASCENDING TRIANGLE
GBP/USD
1H
Gbpusd develops an ascending triangle.
An ascending triangle typically indicates that prices are likely to keep rallying upward if price breaks through the resistance.
Gbpusd to maintain its positive tone to 1.345 while above 1.345 as gbpusd probes 1.345 hurdle.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that a descending triangle is noticed.
A descending triangle describes a useful pattern that spots prices are likely to keep falling downward in case if price breaks out to the the downside.
Crude-oil to push down to the 94 level on a breakout of the descending triangle as the commodity sticks to the negative mood.
PENNANT
EUR/USD
1H
It seems like a pennant pops up, eurusd expects a next steady bullish action as a verification of a breakout.
A pennant is believed to be a bullish signal that typically results in that the price to go long once price breaks above resistance.
Eurusd challenges a move towards 1.162.
PENNANT
Gold
XAU/USD
1H
There is a pennant recognized, gold requests a next active bearish action for the certainty of breakout.
A pennant signals a bearish move once price breaks out to the the downside.
There is a possibility of a bearish move to 4500.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
Ethusd establishes an ascending triangle and the price is breaking out.
In case if price breaks below support, the resulting move could identify a further move down.
Ethusd to suffer further downside towards 2110 on a breach of 2122.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
As we can see a symmetrical triangle comes out and the price breaks out.
When price breaks out to the the downside, the resulting move could predict prices are likely to keep falling downward.
It is likely that corrective downside towards the 77200 mark will form.
PENNANT
Bitcoin
BTC/USD
4H
We can see that a pennant pops up.
A pennant is said to depict a bearish price action formation that is used to signal prices are likely to keep falling downward when price breaks out.
Btcusd challenges a move towards the 77000 mark once below 77400.
DESCENDING TRIANGLE
USD/JPY
1H
A descending triangle is close to being finished, the price calls for next active push up as an indication of a breakout.
A descending triangle identifies a price action indicator that results in the more likely potential of rising prices once price breaks through the resistance.
Usdjpy challenges a move to 159.2 while above 159.14 amid the currency pair reclaims part of the ground lost.
ASCENDING TRIANGLE
GBP/USD
1H
Gbpusd shapes an ascending triangle, the price breaks out now.
An ascending triangle is believed to be a technical bearish price action pattern that typically indicates the bulls have run out of steam in case if price breaks out to the the downside.
Gbpusd risks suffer setback towards 1.342 once below 1.3426.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.