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BULLISH FLAG
Gold
XAU/USD
1D
A bullish flag pops up, the price requests a move for clear breakout confirmation.
A bullish flag is said to depict a technical price action signal that is used to identify a bullish price move in case if price breaks above resistance.
There is a possibility of a bullish continuation towards the 4100 mark on impulse above 4100.
FALLING WEDGE
Ethereum
ETH/USD
1D
A falling wedge has been detected, ethusd calls for a more bullish impulse as evidence of a breakout.
Once price breaks out to the the upside, the resulting move could identify that prices are likely to keep rallying upward.
Ethusd opens door for a move to the 2400 mark once above 2300.
BEARISH FLAG
Crude Oil
USOIL
1D
It looks like a bearish flag is nearing completion.
A bearish flag indicates a bearish price move if price breakdown occurs.
It is not ruled out that a bearish push down to the 90 zone will occur on a breach of 96 as bears looking for profit.
PENNANT
USD/JPY
1H
As we can see usdjpy shapes a pennant, usdjpy needs an active bearish continuation for clear breakdown confirmation.
A pennant represents a price indicator that is used to spot that the price to go short once price breaks down.
It is not ruled out that a bearish push down towards 158.2 will form on a breach of 158.4.
ASCENDING CHANNEL
EUR/USD
1H
It seems like an ascending channel turns up and the price requires a steady bearish continuation to confirm a breakout.
An ascending channel identifies a bearish price action in case if price collapses through the support line.
A rangebound towards 1.12 is possible.
ASCENDING CHANNEL
GBP/USD
1H
An ascending channel has been recognized.
An ascending channel typically results in a breakdown is likely to occur if price breaks out to the the downside.
A rangebound towards 1.344 is on the way on a breach of 1.3455.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
A descending channel is close to being completed.
A descending channel describes a specific bullish price indicator that often signals that the price to go long once price breaks above resistance.
Btcusd embarks on a bullish correction to 79000 as btcusd challenges 78600 hurdle.
PENNANT
Crude Oil
USOIL
1H
The price composes a pennant and the price is ready to break out.
A pennant represents a reliable chart formation that can be used to indicate the more likely potential of falling prices once price collapses through the support line.
Crude-oil to plummet towards the 94 zone on a breakout of the pennant.
RECTANGLE
Ethereum
ETH/USD
4H
A rectangle is very close to being completed.
A rectangle provides a bullish price action formation that can be used to indicate extending an uptrend in case if price breaks out to the the upside.
A rangebound towards the 2320 level is on the way.
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