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ASCENDING CHANNEL
Gold
XAU/USD
1H
It looks like an ascending channel pops up and gold demands further steady pullback for clear breakout confirmation.
An ascending channel is said to depict a useful bearish signal that signals a bearish price move once price collapses through the support line.
It is possible that a bearish push down to the 4200 zone will take place.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel detected.
An ascending channel is said to depict a compelling bearish pattern that is used to identify an upward trend is nearing its end in case if price breaks below support.
It is possible that corrective downside to 61 will happen.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It looks like an ascending channel is diagnosed and crude-oil demands a next bigger bearish action as proof of a breakdown.
An ascending channel is a technical formation with an upward bias that is used to predict the bulls have run out of steam if price breaks through the support.
A bearish push down to 58 is about to happen.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
There is an ascending channel arising, brent-oil requires a bigger correction as an information of a breakdown.
An ascending channel can be thought of as a useful price action pattern that is angled up that is used to signal a move down if price breaks down.
Brent-oil set to accelerate its decline to 61 on a break below 61.4.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
As we can see a descending channel is spotted.
A descending channel indicates a bullish price action once price breaks above resistance.
It is likely that a move towards 1700 will form as platinum becomes supported.
RECTANGLE
Brent Oil
UKOIL
1H
There is a rectangle poping up.
A rectangle is believed to be a compelling bullish price signal that can be used to indicate the bears have run out of steam in case if price breaks above resistance.
A bullish move towards the 63 zone is on the way on a breach of 62.6.
DESCENDING CHANNEL
Gold
XAU/USD
1H
As we can see a descending channel is close to being done, the price breaks out.
A descending channel tends to be a specific bullish price formation that often spots that the price to go long once price breaks out.
Gold looks north to 4220.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel forming, the price requests a bit more consolidation as evidence of a breakout.
A descending channel typically predicts a next move up in case if price breaks through the resistance.
Crude-oil to move upward towards the 58.6 mark.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
It looks like a descending triangle has been observed.
A descending triangle typically identifies a bullish price move if price breaks out.
A move towards 4220 is not ruled out.
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