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ASCENDING TRIANGLE
Gold
XAU/USD
1H
It seems like the price establishes an ascending triangle and the price breaks out soon.
If price breaks through the resistance, the resulting move could spot extending an uptrend.
It is likely that a bullish run towards the 4480 level will take place on a breach of 4465 as outlook for the commodity stays positive.
DESCENDING CHANNEL
Gold
XAU/USD
1H
Gold composes a descending channel and the price requires a more bigger move to confirm a breakout.
A descending channel denotes a reliable chart indicator that is used to identify a bullish price move when price breaks out.
Gold to peak to 4500 on a breakout of the descending channel amid rising bets for the move.
RECTANGLE
Crude Oil
USOIL
1H
There is a rectangle discovered.
A rectangle provides a bullish price formation that is used to spot a bullish move if price breaks through the resistance.
A move towards 96 looks possible.
PENNANT
EUR/USD
4H
Eurusd creates a pennant, the price is about to break out now.
When price breaks out to the the downside, the move could spot a bearish price action.
A bearish push down towards 1.152 stays on the cards while lower than 1.152.
FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge is almost finished and ethusd calls for a further move to confirm a breakout.
A falling wedge tends to be a useful price action pattern that is used to predict price heading to a new direction when price breaks above resistance.
There is a probability of a bullish continuation to 2080 on a breakout of the falling wedge as ethusd sticks to the positive mood.
BULLISH FLAG
Crude Oil
USOIL
4H
A bullish flag develops, the price breaks out.
A bullish flag denotes a compelling price signal that often indicates that the price will rally further once price breaks out to the the upside.
A move towards the 100 mark is about to happen amid the commodity recovers from recent lows.
ASCENDING TRIANGLE
GBP/USD
4H
An ascending triangle has been distinguished.
An ascending triangle denotes a signal that identifies a bearish price action once price collapses through the support line.
There is a possibility of decline to the 1.33 level as the currency pair probes 1.332 hurdle.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel has been discovered.
A descending channel typically indicates a temporary interruption of an existing trend once price breaks out to the the upside.
It is not ruled out that a bullish run towards the 1.336 mark will occur as bulls looking for upside correction.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel diagnosed.
A descending channel is a reliable price indicator that is used to predict that the price to go long when price breaks out.
Btcusd dives out bearish trendline to 69500 as risk reversal sheds bearish bias.
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