Open:
High:
Low:
Close:
RECTANGLE
EUR/USD
1H
We can see that a rectangle has been noticed, the price is ready to break out.
A rectangle is a useful bullish pattern that can be used to spot extending an uptrend when price breaks out.
It is likely that a bullish price action to the 1.166 level will take place on a breakout of the rectangle.
PENNANT
Crude Oil
USOIL
1H
There is a pennant emerging, the price calls for more push down as a verification of a breakout.
If price breakdown occurs, the move could identify a bearish price move.
Crude-oil opens door for a move to 74.
PENNANT
EUR/USD
1H
A pennant has been discovered.
A pennant can be thought of as a reliable bullish chart formation that can be used to indicate an extension in the upward direction in case if price breaks through the resistance.
A move towards 1.165 is not ruled out on a upside break.
SYMMETRICAL TRIANGLE
USD/JPY
1H
There is a symmetrical triangle recognized.
A symmetrical triangle typically signals a next move down in case if price breaks through the support.
Usdjpy does not rule out a move to 157.2 on a breakdown of the symmetrical triangle as usdjpy loses bullish momentum.
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see the price sets up a rectangle.
A rectangle tends to be a reliable pattern that often spots that the price to go long in case if price breaks out.
Btcusd to maintain its positive tone to the 70000 level as there is room for a upside correction.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
We can see that a descending triangle has been noticed, the price lacks an active move as an indication of a breakout.
A descending triangle tends to be a technical price signal that can be used to signal that the price to go long when price breaks out to the the upside.
A bullish move towards the 2100 zone looks possible on a breach of 2050.
FALLING WEDGE
GBP/USD
1H
A falling wedge is very close to being finished.
A falling wedge suggests a technical signal that often indicates that the price to go up if price breaks above resistance.
Gbpusd to surge considerably to 1.34 on a breakout of the falling wedge as gbpusd challenges 1.334 hurdle.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
A symmetrical triangle is close to being complete, the price is ready to break out.
A symmetrical triangle typically signals a sharp rise if price breaks through the resistance.
Btcusd to extend its rebound towards 69000 once above 68400.
PENNANT
Crude Oil
USOIL
1H
There is a pennant recognized and the price breaks out.
A pennant often indicates a bullish price action if price breaks out.
Crude-oil to peak towards 78 on a breach of 76.5 as bulls seeking a new high.
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