Open:
High:
Low:
Close:
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.
ASCENDING TRIANGLE
GBP/USD
1H
It looks like the price composes an ascending triangle, the price is ready to break out soon.
An ascending triangle often results in a move up when price breaks out.
Gbpusd to head towards 1.336.
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.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant arising.
Once price breaks out to the the upside, the move could indicate a move up.
Btcusd could attempt a move to the 93000 zone.
BULLISH FLAG
GBP/USD
4H
We can see that a bullish flag is determined, the price asks for a steady move to confirm bullish flag breakout.
A bullish flag depicts a chart signal that is used to spot a temporary interruption during a falling market if price breaks through the resistance.
Gbpusd to surge considerably to the 1.336 zone.
RECTANGLE
EUR/USD
1H
As we can see a rectangle is close to being done, the price calls for steady push up to confirm a breakout.
A rectangle provides a useful price action formation that is used to indicate a further move up when price breaks above resistance.
There is a probability of a move towards 1.166 on a breach of 1.1656.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel uncovered, the price is about to break out soon.
A descending channel tends to be a price action formation that often predicts a further move up once price breaks above resistance.
A further rangebound towards 1.334 looks probable as downside pressure seen easing.
DESCENDING TRIANGLE
EUR/USD
4H
A descending triangle materializes and the price is close to breaking out.
A descending triangle identifies a further move up once price breaks out.
Eurusd to push up to 1.165.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
There is an ascending triangle exposed and the price needs next fall for the certainty of breakout.
An ascending triangle typically predicts a bearish price action once price breaks out.
Gold to prolong the corrective phase towards 4190.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.