Open:
High:
Low:
Close:
RECTANGLE
Crude Oil
USOIL
1H
The price completes a rectangle and the price is breaking out.
Once price breaks out, the move could indicate a move up.
There is a possibility of a bullish continuation towards the 92 level.
DESCENDING CHANNEL
Gold
XAU/USD
4H
As we can see a descending channel is distinguished, the price is about to break out.
A descending channel often identifies a further move up in case if price breaks out to the the upside.
Gold looks north to 4250.
DESCENDING CHANNEL
USD/JPY
1H
The price builds a descending channel.
A descending channel predicts a bullish move in case if price breaks out to the the upside.
A bullish move towards the 157.6 level is possible on a break above 157.45 as usdjpy becomes supported.
RISING WEDGE
Crude Oil
USOIL
1H
A rising wedge is close to being finished, the price requests an active move to confirm rising wedge breakout.
If price breaks through the support, the resulting move could predict the more likely potential of falling prices.
It is likely that corrective downside towards 90 will form.
ASCENDING CHANNEL
EUR/USD
1H
We can see that eurusd gives an ascending channel and the price is close to breaking out now.
Once price breaks out to the the downside, the resulting move could spot a bearish price action.
Eurusd pulls back to 1.132 on a breakout of the ascending channel.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel coming out and the price expects a more impulse down as a sign of a breakout.
If price breakdown occurs, the resulting move could predict a bearish move.
It is not ruled out that a rangebound to 4160 will occur on a breach of 4170.
BEARISH FLAG
Gold
XAU/USD
1H
We can see that a bearish flag is very close to being completed and the price calls for a move to confirm a breakout.
A bearish flag is considered to be a bearish chart pattern that is angled up that can be used to signal a temporary interruption during a rising market once price breaks out.
Gold is at risk of extending its slump to 4180 on a breakout of the bearish flag amid gold recedes from tops.
DESCENDING CHANNEL
USD/JPY
1H
It looks like a descending channel has been encountered and usdjpy expects a more strong bullish impulse to confirm a breakout.
Once price breaks through the resistance, the resulting move could identify a bullish price move.
Usdjpy turns higher to 157.4 on a breakout of the descending channel.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel identified, the price is going to break out now.
A descending channel describes a compelling price indicator that spots a temporary interruption of an existing trend in case if price breaks through the resistance.
Crude-oil to grind higher towards the 92 level.
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.