Open:
High:
Low:
Close:
BEARISH FLAG
USD/JPY
1H
A bearish flag is close to completion and the price breaks out.
If price breaks out, the resulting move could spot that the price to go down.
Usdjpy to move downward towards 160 as downtrend may continue.
ASCENDING CHANNEL
Gold
XAU/USD
1D
There is an ascending channel happening.
An ascending channel denotes a bearish price signal that can be used to signal a temporary interruption during a rising market when price breaks out to the the downside.
It is not ruled out that extra downside to 4200 will be made on a breach of 4300.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge materializing.
When price breaks above resistance, the resulting move could identify a breakout higher.
Eurusd violates bearish trendline towards the 1.16 mark as door open for the continuation of the uptrend.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is a descending triangle occuring and btcusd requires a move as a sign of a breakout.
Once price collapses through the support line, the resulting move could identify extending an downtrend.
Btcusd to experience further corrective weakness to 77000.
RECTANGLE
EUR/USD
1H
We can see that a rectangle materializes, the price is breaking out.
A rectangle identifies a useful price action pattern that indicates a bearish price action if price breaks through the support.
Eurusd does not rule out a move towards 1.158 on a breach of 1.1592.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see an ascending channel is close to completion.
When price collapses through the support line, the move could predict a change in price direction.
Btcusd to extend its setback to 77500.
RISING WEDGE
Ethereum
ETH/USD
1H
It looks like a rising wedge happens.
A rising wedge is said to depict a price action formation that is angled up that can be used to signal that the price to go down if price breaks out.
Ethusd to prolong the corrective phase to 2440 as ethusd becomes offered.
RISING WEDGE
Bitcoin
BTC/USD
1H
We can see that a rising wedge is observed, the price wants an impulse down for the certainty of breakout.
A rising wedge can be thought of as a technical price action formation that has an upward slope that is used to spot prices are likely to keep falling downward once price breaks through the support.
Btcusd pulls back to the 78000 mark on a breach of 78600.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel develops.
If price breaks through the support, the resulting move could identify that the price to go down.
Gold to slide to the 4420 zone.
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