Open:
High:
Low:
Close:
RECTANGLE
Crude Oil
USOIL
1H
As we can see a rectangle emerges.
A rectangle typically identifies the more likely potential of rising prices once price breaks out to the the upside.
There is a probability of a bullish continuation to 104 on a breakout of the rectangle.
DESCENDING CHANNEL
EUR/USD
4H
It looks like the price shows a descending channel, the price lacks a next move for clear breakout confirmation.
A descending channel denotes a reliable bullish price indicator that often results in a sharp rise when price breaks above resistance.
Eurusd to continue higher towards 1.122.
BULLISH FLAG
GBP/USD
4H
A bullish flag has been recognized.
A bullish flag indicates that the price to go up when price breaks above resistance.
Gbpusd to enjoy a considerable gain to 1.34 as bulls seeking a new high.
BEARISH FLAG
Bitcoin
BTC/USD
4H
We can see that a bearish flag is close to completion, the price is ready to break out.
If price collapses through the support line, the move could signal a bearish price action.
Btcusd to suffer a steeper decline to the 79500 level.
BEARISH FLAG
Ethereum
ETH/USD
4H
A bearish flag materializes and ethusd wants a further bigger impulse down as proof of a breakout.
A bearish flag signals a move down if price collapses through the support line.
A bearish move towards the 2300 zone is likely as weakness continues.
DESCENDING TRIANGLE
USD/JPY
1H
The price sets up a descending triangle.
A descending triangle identifies a useful price action signal that results in a next move down in case if price breaks below support.
It is possible that a bearish move towards the 157.6 mark will form on a breach of 157.7.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
A descending channel is distinguished, crude-oil demands an active move as a clue of a breakout.
Once price breaks above resistance, the resulting move could identify the more likely potential of rising prices.
It is possible that a bullish push up towards 104 will take place while above 102.8.
BULLISH FLAG
EUR/USD
4H
There is a bullish flag forming.
A bullish flag is believed to be a useful formation with a downward bias that signals a move up once price breaks through the resistance.
Eurusd to jump towards the 1.118 zone on impulse above 1.118.
RISING WEDGE
USD/JPY
4H
As we can see a rising wedge has been encountered, usdjpy wants a bigger correction for the certainty of breakdown.
If price breakdown occurs, the resulting move could signal a tendency to break in the opposite direction.
Usdjpy to resume its downfall to the 157 zone.
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