Open:
High:
Low:
Close:
RECTANGLE
Ethereum
ETH/USD
1H
It looks like a rectangle happens.
A rectangle is said to depict a specific price action pattern that spots that prices are likely to keep rallying upward if price breaks out.
A further rangebound to the 1590 level is going to happen as ethusd is at a brink of a bullish breakout.
PENNANT
Crude Oil
USOIL
1H
It seems like a pennant is close to completion and the price expects a further move to confirm pennant breakout.
A pennant is a compelling chart indicator that is used to spot a bullish move if price breaks out to the the upside.
It is likely that a bullish continuation towards the 71 level will be made.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
There is an ascending triangle revealed.
An ascending triangle typically results in a next move down when price breaks out.
There is a chance of a move towards 4020 as gold becomes offered.
PENNANT
EUR/USD
1H
There is a pennant observed.
When price breaks above resistance, the resulting move could signal a move up.
Eurusd to enjoy a considerable gain towards the 1.142 level on a breakout of the pennant.
ASCENDING TRIANGLE
GBP/USD
1H
We can see that an ascending triangle materializes and the price is breaking out.
An ascending triangle is considered to be a useful price action indicator that is used to identify that prices are likely to keep rallying upward if price breaks out.
A bullish run to the 1.324 zone stays on the cards.
DESCENDING CHANNEL
GBP/USD
4H
A descending channel is close to being completed.
A descending channel is believed to be a bullish indicator that often signals the more likely potential of rising prices if price breaks above resistance.
It is likely that a bullish push up to 1.324 will be made.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that a descending channel arises and the price calls for a next move to confirm a breakout.
A descending channel often results in that the price to go long in case if price breaks out to the the upside.
There is a possibility of a move towards 71 on a breach of 70 as the commodity probes 70 hurdle.
FALLING WEDGE
Crude Oil
USOIL
4H
There is a falling wedge arising.
A falling wedge depicts a useful bullish pattern with a downward bias that results in that the price to go long in case if price breaks out.
There is a possibility of a bullish price action to the 72 level.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel coming out.
An ascending channel describes a specific price action signal that typically identifies a bearish price action once price breaks out to the the downside.
Gold to head towards 4040.
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