Open:
High:
Low:
Close:
BEARISH FLAG
Platinum
XPT/USD
1H
There is a bearish flag recognized.
A bearish flag is believed to be a reliable bearish price indicator that can be used to indicate a next move down if price breakdown occurs.
Platinum to continue the dereciation trend to 2200.
RISING WEDGE
Gold
XAU/USD
1H
A rising wedge has been revealed and the price is ready to break out.
A rising wedge describes a compelling formation that is angled up that can be used to signal an upward trend is about to reverse into an downward trend if price breaks down.
It is likely that a bearish price action towards 4400 will take place.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
It seems like crude-oil gives a descending channel, the price needs a next bigger bullish move as a signal of a breakout.
Once price breaks through the resistance, the move could spot a move up.
A bullish move to the 59 mark about to be made on a breach of 58.4 as door open for the continuation of the uptrend.
RECTANGLE
Brent Oil
UKOIL
4H
There is a rectangle spotted.
A rectangle is believed to be a reliable price action formation that can be used to predict the more likely potential of rising prices once price breaks above resistance.
A move to 62.5 is on the cards once beyond 61.9 as there is room for a upside correction.
DESCENDING CHANNEL
Crude Oil
USOIL
1D
It looks like a descending channel develops, crude-oil wants a further strong bullish action as an information of a breakout.
A descending channel indicates that the price to go long if price breaks out.
Crude-oil hints a change to the upside to 59 on a breakout of the descending channel.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
It seems like the price sets up an ascending triangle, the price is about to break out.
An ascending triangle is considered to be a compelling bearish pattern that is used to indicate a further move down in case if price collapses through the support line.
Silver to slide towards 75.
DESCENDING TRIANGLE
Brent Oil
UKOIL
4H
It looks like a descending triangle is spotted and the price demands a strong move as evidence of a breakout.
A descending triangle often identifies a bullish move when price breaks above resistance.
There is a probability of a bullish run to the 62 level as there is room for a upside correction.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
We can see that a descending channel develops.
A descending channel tends to be a useful pattern that has a downward slope that can be used to spot a bullish price move once price breaks out to the the upside.
There is a probability of a bullish push up towards the 61 level as risk reversal sheds bearish bias.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
Crude-oil gives a descending triangle and the price is going to break out.
A descending triangle identifies the more likely potential of falling prices in case if price collapses through the support line.
There is a chance of a further bearish run to 56.4.
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.