Open:
High:
Low:
Close:
PENNANT
Crude Oil
USOIL
1H
There is a pennant occuring.
A pennant typically results in that the price will rally further once price breaks out.
Crude-oil to maintain its positive tone towards 97 on a upside break.
DESCENDING CHANNEL
USD/JPY
1H
Usdjpy establishes a descending channel.
When price breaks out, the resulting move could spot a downward trend is nearing its end.
It is possible that a bullish push up to 159.6 will happen once beyond 159.4.
RISING WEDGE
EUR/USD
1H
There is a rising wedge occuring.
A rising wedge suggests a specific indicator that can be used to identify a temporary interruption during a rising market when price breaks out to the the downside.
A bearish continuation towards 1.172 looks possible while lower than 1.173.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
It looks like an ascending triangle is close to being finished, the price expects a more bearish move as a clue of a breakout.
Once price breakdown occurs, the resulting move could indicate a bearish move.
Gold set to fall towards 4680 on a breakout of the ascending triangle as the commodity challenges 4690 hurdle.
BEARISH FLAG
GBP/USD
1H
There is a bearish flag distinguished.
Once price breaks out to the the downside, the move could identify the bulls have run out of steam.
Gbpusd could drop towards the 1.354 mark on a breach of 1.3545 as gbpusd becomes weaker.
BEARISH FLAG
GBP/USD
1H
It seems like gbpusd builds a bearish flag.
A bearish flag represents a reliable bearish chart indicator that typically predicts a temporary interruption of an existing trend once price collapses through the support line.
There is a possibility of a bearish continuation to 1.354.
RECTANGLE
Ethereum
ETH/USD
4H
Ethusd forms a rectangle, the price lacks a next active correction to confirm a breakout.
When price breaks below support, the resulting move could indicate the more likely potential of falling prices.
Ethusd to slump towards 2280.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel discovered and btcusd needs a bigger impulse down for clear breakdown confirmation.
An ascending channel represents a bearish price indicator that is used to spot a bearish price action when price breaks through the support.
Btcusd to drop to the 77500 mark as indicators turn bearish.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see ethusd shapes an ascending channel.
An ascending channel identifies a reliable bearish price action pattern that is used to signal that the price to go short once price breaks down.
It is not ruled out that a bearish price action to 2300 will happen as door open for a test of 2300.
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