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ASCENDING TRIANGLE
Platinum
XPT/USD
4H
There is an ascending triangle poping up, platinum requires a move as proof of a breakout.
An ascending triangle is believed to be a useful price action pattern that can be used to signal a further move down if price breaks out to the the downside.
It is likely that corrective downside towards 1900 will take place while lower than 1950.
RISING WEDGE
Silver
XAG/USD
4H
There is a rising wedge occuring, the price is close to breaking out.
A rising wedge identifies a bearish price pattern that often results in that the price to go down if price collapses through the support line.
Silver to move downward to 72 on a breakout of the rising wedge.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel coming out, silver needs a further move to confirm a breakout.
In case if price breaks down, the move could indicate a bullish-to-bearish trend reversal.
Silver challenges a move to the 74 level while lower than 75.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel developing and gold requests an impulse down as a signal of a breakdown.
An ascending channel is a technical bearish price action formation that is used to identify a further move down when price breaks through the support.
Gold to move back to the 4750 mark once below 4760 amid the commodity recedes from recent highs.
RISING WEDGE
Platinum
XPT/USD
1H
A rising wedge has been noticed.
When price breaks out, the move could spot the bulls have run out of steam.
Platinum to prolong the corrective phase to 1940.
ASCENDING TRIANGLE
Platinum
XPT/USD
4H
It looks like the price shows an ascending triangle and the price is breaking out.
An ascending triangle describes a formation that is used to indicate that the price to go up in case if price breaks out.
There is a chance of a bullish run towards 2050.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
We can see that an ascending channel has been found, the price is ready to break out now.
An ascending channel is believed to be a specific price action indicator that often identifies a break during an uptrending market if price collapses through the support line.
It is possible that a further bearish push down to the 1940 mark will occur.
ASCENDING CHANNEL
Brent Oil
UKOIL
4H
It looks like an ascending channel emerges, brent-oil lacks a steady move as evidence of a breakdown.
An ascending channel identifies a bearish chart signal that signals price reversal after a pause when price breaks through the support.
There is a possibility of a move to the 95 mark on a breach of 100.
PENNANT
Crude Oil
USOIL
1H
It seems like the price builds a pennant, crude-oil demands a bigger correction to confirm a breakdown.
A pennant typically indicates a bearish move once price breakdown occurs.
Crude-oil risks further decline to the 100 level as crude-oil nears 101.5 hurdle.
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