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DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is nearing completion and btcusd calls for a next bullish move as an information of a breakout.
A descending channel is believed to be a useful bullish chart indicator that can be used to indicate that the price to go long when price breaks out to the the upside.
A move to the 74000 mark is likely on a breach of 73800.
FALLING WEDGE
Crude Oil
USOIL
1H
It seems like a falling wedge is very close to being completed, crude-oil demands a move as an information of a breakout.
A falling wedge is considered to be a compelling bullish chart indicator that can be used to signal a bullish price move once price breaks out to the the upside.
There is a chance of a rangebound to 86.
PENNANT
Bitcoin
BTC/USD
1H
A pennant is nearing completion, the price is ready to break out now.
A pennant often predicts extending an downtrend when price breaks below support.
A rangebound towards 74000 is possible as weakness continues.
BEARISH FLAG
EUR/USD
1H
It looks like the price sets up a bearish flag and the price wants a move for the certainty of breakdown.
A bearish flag indicates that the price to go down if price breaks below support.
Eurusd set to extend its decline to 1.118.
RECTANGLE
USD/JPY
1H
It seems like a rectangle is determined and the price is ready to break out now.
A rectangle represents a reliable price action signal that typically results in an extension in the upward direction once price breaks out to the the upside.
Usdjpy opens door for a move towards 158.3 on a breakout of the rectangle as downside pressure alleviates.
PENNANT
USD/JPY
4H
Usdjpy shapes a pennant, the price is about to break out now.
A pennant represents a useful pattern that is used to predict that the price to go long in case if price breaks above resistance.
There is a possibility of a further bullish push up to 158.6 on a upside break.
RISING WEDGE
GBP/USD
1H
There is a rising wedge determined, the price is going to break out.
A rising wedge tends to be a useful indicator that is used to indicate a potential bearish reversal in price action once price collapses through the support line.
It is not ruled out that a bearish move towards the 1.344 mark will form.
DESCENDING CHANNEL
USD/JPY
1H
The price establishes a descending channel.
A descending channel denotes a reliable bullish chart signal that often signals a breakout higher if price breaks out to the the upside.
A bullish run towards the 158.1 level looks likely as indicators favor bulls.
RISING WEDGE
Gold
XAU/USD
1H
A rising wedge turns up, gold demands a next steady move as an indication of a breakout.
A rising wedge typically indicates a bearish price move in case if price breaks through the support.
There is a chance of a rangebound towards 4100.
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