Open:
High:
Low:
Close:
DESCENDING CHANNEL
Crude Oil
USOIL
1H
As we can see a descending channel is nearing completion and the price is close to breaking out soon.
When price breaks out to the the upside, the resulting move could predict a bullish move.
Crude-oil pushes higher to 89 once above 88.4 as the commodity becomes bullish.
BEARISH FLAG
GBP/USD
1H
There is a bearish flag taking place.
When price breakdown occurs, the move could predict a move down.
A bearish move towards 1.336 stays on the cards as gbpusd probes 1.338 hurdle.
PENNANT
GBP/USD
1H
We can see that a pennant happens, the price asks for a next active move for clear breakout confirmation.
A pennant can be thought of as a bullish formation that predicts a further move up when price breaks out.
Gbpusd to prolong the growth phase towards 1.34.
BULLISH FLAG
Bitcoin
BTC/USD
1H
A bullish flag is close to being complete.
When price breaks out to the the upside, the move could identify a breakout higher.
Btcusd targets a move to 62000.
ASCENDING CHANNEL
EUR/USD
1H
It seems like eurusd creates an ascending channel, the price breaks out.
An ascending channel is considered to be a bearish pattern that can be used to identify a bearish price move when price breaks down.
Eurusd still risks a move to the 1.153 zone once below 1.1542.
RISING WEDGE
GBP/USD
1H
It seems like a rising wedge forms.
A rising wedge provides a chart pattern that has an upward slope that often indicates a move down when price breaks below support.
Gbpusd violates bullish trendline towards 1.336 on a breach of 1.338 as indicators favor bears.
BULLISH FLAG
Bitcoin
BTC/USD
1H
As we can see a bullish flag turns up.
In case if price breaks out, the resulting move could predict that the price to go long.
Btcusd to head towards 62500 on a breach of 62200 as btcusd is at a brink of a bullish breakout.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel occuring, crude-oil wants an active bullish action as a verification of a breakout.
A descending channel describes a bullish chart pattern that can be used to predict an extension in the upward direction if price breaks through the resistance.
Crude-oil is bullish and en route towards 90.
RISING WEDGE
EUR/USD
1H
There is a rising wedge taking place.
A rising wedge provides a compelling chart indicator that can be used to signal a sharp decline in case if price breaks out.
Eurusd risks a move to 1.154.
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