Open:
High:
Low:
Close:
RECTANGLE
Crude Oil
USOIL
4H
As we can see crude-oil establishes a rectangle, the price breaks out now.
A rectangle depicts a specific bearish price action indicator that is used to predict an extension in the downward direction in case if price breaks down.
Crude-oil to prolong the corrective phase to 88 on a breach of 89.5 as there is a chance for a downside correction.
SYMMETRICAL TRIANGLE
GBP/USD
1H
A symmetrical triangle has been discovered.
A symmetrical triangle is considered to be a technical bullish price signal that is used to spot that the price to go up once price breaks out to the the upside.
A bullish run to the 1.336 level is about to happen as bulls look for entries.
DESCENDING CHANNEL
Gold
XAU/USD
1H
Gold establishes a descending channel and the price is breaking out.
In case if price breaks out to the the upside, the resulting move could predict a sharp rise.
Gold challenges a move to 4360 on a break above 4350.
ASCENDING TRIANGLE
USD/JPY
1D
It looks like usdjpy completes an ascending triangle.
An ascending triangle is considered to be a reliable bearish chart pattern that typically predicts the bulls have run out of steam if price breaks below support.
Usdjpy points to the downside to the 159 level on a break below 160.2 as usdjpy challenges 160.2 hurdle.
DESCENDING CHANNEL
USD/JPY
1H
As we can see usdjpy establishes a descending channel.
In case if price breaks out, the resulting move could predict that the price to go up.
Usdjpy advances higher to 160.3.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is found.
An ascending channel is considered to be a technical price pattern that identifies a move down when price breaks below support.
There is a possibility of extra downside to the 63000 zone as door open for a test of 63000.
DESCENDING TRIANGLE
GBP/USD
1H
A descending triangle is close to being completed.
A descending triangle indicates a next move up when price breaks through the resistance.
Gbpusd pushes higher to the 1.336 mark.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel has been observed and the price is about to break out.
An ascending channel identifies a bearish price action in case if price collapses through the support line.
Ethusd could extend its slump to 1650 as indicators turn bearish.
RISING WEDGE
Bitcoin
BTC/USD
1H
As we can see a rising wedge is close to completion and the price is ready to break out.
A rising wedge often predicts a bearish move when price breaks below support.
Btcusd now looks to the 63500 zone.
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