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DESCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that crude-oil gives a descending triangle.
A descending triangle signals prices are likely to keep falling downward when price breaks out to the the downside.
There is a chance of a bearish run towards 71 on a breach of 71.4.
ASCENDING CHANNEL
EUR/USD
1H
An ascending channel pops up, the price is going to break out soon.
An ascending channel indicates that the price to go down once price breaks below support.
It is not ruled out that a move to the 1.142 zone will occur.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
As we can see a descending channel takes place, the price is ready to break out soon.
In case if price breaks above resistance, the resulting move could signal price heading to a new direction.
It is likely that a bullish continuation to the 72 level will occur as crude-oil probes 72 hurdle.
RISING WEDGE
GBP/USD
1H
There is a rising wedge noticed, the price is ready to break out now.
A rising wedge often signals a bearish price action once price breakdown occurs.
It is likely that a bearish price action towards 1.34 will occur.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel recognized and eurusd expects a more strong move as evidence of a breakout.
In case if price breaks out, the resulting move could signal price heading to a new direction.
Eurusd targets a move to 1.143.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel occuring and the price is breaking out.
An ascending channel suggests a compelling indicator that often spots an interruption of an uptrend in case if price breaks out to the the downside.
Gold could attempt a move to the 4100 zone on a breach of 4120.
DESCENDING CHANNEL
EUR/USD
1D
A descending channel is almost finished and the price expects a next steady bullish impulse as a sign of a breakout.
A descending channel suggests a useful bullish indicator that is used to signal extending an uptrend if price breaks out to the the upside.
Eurusd to recover bullish potential to 1.15 as the mood may improve.
PENNANT
EUR/USD
1H
There is a pennant poping up and eurusd expects a further strong move as an information of a breakout.
If price breaks above resistance, the move could signal that the price will rally further.
Eurusd could attempt a move towards 1.1445.
BULLISH FLAG
Bitcoin
BTC/USD
4H
A bullish flag is nearing completion.
A bullish flag is considered to be a reliable formation that has a downward slope that often spots a bullish price action if price breaks out to the the upside.
A bullish run towards the 64000 mark is a possibility on a breach of 63600.
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