Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge revealed, the price is ready to break out.
A falling wedge results in a further move up in case if price breaks through the resistance.
A bullish price action towards the 77500 level is on the cards.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle encountered.
An ascending triangle denotes a reliable bearish signal that results in a sharp decline if price breaks below support.
Eurusd risks a correction to 1.163.
RISING WEDGE
Gold
XAU/USD
1H
There is a rising wedge appearing, gold requests next push down for the certainty of breakdown.
A rising wedge is believed to be a specific chart signal that can be used to signal a bearish price move when price breaks out to the the downside.
Gold now looks towards the 4540 level.
BULLISH FLAG
EUR/USD
4H
We can see that a bullish flag is close to being complete, the price is close to breaking out now.
A bullish flag is believed to be an indicator that is used to signal the more likely potential of rising prices in case if price breaks above resistance.
There is a probability of a bullish price action towards the 1.17 zone.
DESCENDING CHANNEL
EUR/USD
1H
It seems like a descending channel is close to being completed.
A descending channel results in a move up if price breaks out.
Eurusd to peak towards 1.165 on a upside break as the currency pair nears 1.1644 hurdle.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like btcusd gives a descending channel, the price is going to break out soon.
A descending channel spots a bullish price action when price breaks out.
A move towards 78000 is a possibility.
DESCENDING CHANNEL
GBP/USD
1H
As we can see a descending channel develops and gbpusd expects a more bullish action to confirm a breakout.
A descending channel often identifies a downward trend is about to reverse into an upnward trend if price breaks through the resistance.
A bullish move to the 1.34 mark looks possible.
DESCENDING CHANNEL
GBP/USD
4H
A descending channel has been identified and the price is about to break out.
A descending channel denotes a bullish signal that can be used to spot that the price to go long if price breaks out to the the upside.
Gbpusd aims to complete a retracement towards 1.345 on a breach of 1.34.
RISING WEDGE
Crude Oil
USOIL
4H
It seems like a rising wedge occurs, crude-oil requests an active move for the certainty of breakout.
In case if price breaks out, the move could identify a bearish price action.
There is a probability of a bearish push down towards 98 on a downside break as crude-oil becomes weak.
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.