Open:
High:
Low:
Close:
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel occurs, the price is going to break out.
An ascending channel indicates a tendency to break in the opposite direction once price collapses through the support line.
There is a possibility of corrective downside to 4200 on a breakdown of the ascending channel.
PENNANT
Platinum
XPT/USD
4H
We can see that a pennant is exposed, the price breaks out.
A pennant represents a formation that can be used to identify the more likely potential of falling prices in case if price breaks out.
Platinum to suffer a steeper decline to 1640.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
As we can see an ascending triangle is identified and the price is ready to break out.
Once price breaks above resistance, the move could spot a further move up.
Gold to extend its advance to 4260 on a upside break.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
There is an ascending triangle turning up.
An ascending triangle depicts an indicator that signals a next move up once price breaks out to the the upside.
There is a possibility of a bullish move to the 59 mark.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
A descending triangle is nearing completion, the price is ready to break out soon.
A descending triangle is a chart formation that is used to identify a move up once price breaks above resistance.
It is possible that a bullish continuation towards 59.8 will occur.
RECTANGLE
Crude Oil
USOIL
4H
There is a rectangle forming, the price is about to break out.
A rectangle represents a compelling indicator that is used to spot a next move up in case if price breaks out.
It is likely that a move to 60.5 will form.
DESCENDING CHANNEL
Brent Oil
UKOIL
4H
As we can see a descending channel turns up, brent-oil calls for a bigger bullish continuation to confirm a breakout.
A descending channel often spots that prices move counter to the prevailing price trend once price breaks above resistance.
Brent-oil to prolong the growth phase to the 64 level as downside pressure alleviates.
RISING WEDGE
Platinum
XPT/USD
1H
Platinum builds a rising wedge, the price demands a next bigger move as an indication of a breakdown.
A rising wedge identifies a useful price action signal that can be used to signal an extension in the downward direction when price breaks out.
It is likely that a bearish price action towards 1640 will form.
ASCENDING TRIANGLE
Brent Oil
UKOIL
1H
An ascending triangle is observed, brent-oil calls for a further steady bearish action as an information of a breakout.
An ascending triangle describes a bearish price action indicator that can be used to spot that the price to go short in case if price breaks down.
There is a possibility of a further bearish move to the 62.6 zone.
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