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BEARISH FLAG
EUR/USD
1H
There is a bearish flag forming and the price asks for a next move as proof of a breakout.
A bearish flag identifies a next move down when price breaks out to the the downside.
Eurusd opens door for a move towards 1.16 on impulse below 1.161.
BEARISH FLAG
Gold
XAU/USD
1H
There is a bearish flag developing and the price requests a bigger impulse down for the certainty of breakdown.
A bearish flag often identifies a move down if price breaks out to the the downside.
There is a probability of a bearish continuation to the 4500 zone on a break below 4520.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge found, ethusd asks for a bigger bearish move as an indication of a breakout.
A rising wedge describes a bearish price indicator that is used to identify a bearish price action once price breaks down.
Ethusd still risks a move to 2120.
RECTANGLE
Gold
XAU/USD
1H
A rectangle develops.
A rectangle spots a further move up when price breaks through the resistance.
Gold opens door for a move towards the 4560 zone as there is room for a upside correction.
PENNANT
Crude Oil
USOIL
1D
A pennant arises, the price is breaking out.
A pennant can be thought of as a compelling bearish chart signal that can be used to indicate a move down when price breaks down.
Crude-oil pulls back towards the 90 mark.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle is close to completion, the price requires a strong move as a clue of a breakout.
Once price breaks out to the the upside, the resulting move could spot the more likely potential of rising prices.
A rangebound towards 2150 is a possibility on a break above 2144 as ethusd is at a brink of a bullish breakout.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge coming out, the price is about to break out.
A rising wedge results in a bearish move once price collapses through the support line.
Btcusd to push down towards 77400.
DESCENDING CHANNEL
EUR/USD
4H
There is a descending channel coming out, eurusd demands rise for clear breakout confirmation.
When price breaks above resistance, the resulting move could indicate a further move up.
It is possible that a bullish move to 1.165 will happen as the currency pair becomes bullish.
RECTANGLE
EUR/USD
1H
A rectangle has been discovered, the price is about to break out soon.
A rectangle is said to depict a bullish price signal that signals the bears have run out of steam once price breaks above resistance.
A bullish run towards the 1.163 zone looks probable on a breach of 1.1626 as eurusd nears 1.1626 hurdle.
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