Open:
High:
Low:
Close:
BEARISH FLAG
Gold
XAU/USD
1H
A bearish flag is detected and the price is breaking out.
If price breaks out, the resulting move could indicate a next move down.
Gold to head towards 5140.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
An ascending channel emerges, the price breaks out.
An ascending channel is said to depict a specific bearish chart indicator that can be used to signal the more likely potential of falling prices when price breaks out to the the downside.
A further bearish run towards 2140 is going to happen on a break below 2160.
RISING WEDGE
Platinum
XPT/USD
1H
There is a rising wedge uncovered and the price is ready to break out.
A rising wedge spots a bearish price action once price collapses through the support line.
Platinum risks extending drop to 2160.
ASCENDING TRIANGLE
Brent Oil
UKOIL
1H
There is an ascending triangle coming out, the price expects a more bullish action to confirm ascending triangle breakout.
Once price breaks through the resistance, the resulting move could predict that prices are likely to keep rallying upward.
It is not ruled out that a bullish continuation to the 85 zone will happen as indicators turn bullish.
BEARISH FLAG
Silver
XAG/USD
1H
The price develops a bearish flag and the price requests a move to confirm bearish flag breakdown.
A bearish flag depicts a specific price formation that identifies that the price to go short if price breaks down.
A bearish run towards the 83 level is possible once below 83.4 as the commodity probes 83.4 hurdle.
SYMMETRICAL TRIANGLE
Brent Oil
UKOIL
1H
A symmetrical triangle is close to being finished.
In case if price breaks out, the move could identify a bullish price action.
It is likely that a bullish move to the 85 zone will happen.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
As we can see a symmetrical triangle has been recognized, crude-oil lacks a bit more consolidation as a verification of a breakout.
Once price breaks above resistance, the move could identify a move up.
There is a probability of a bullish move to 77.
BEARISH FLAG
Silver
XAG/USD
1H
A bearish flag pops up and the price is ready to break out.
A bearish flag is a specific pattern that is used to signal a temporary interruption of an existing trend if price breakdown occurs.
There is a possibility of corrective downside towards 82 while below 83.
PENNANT
Brent Oil
UKOIL
1H
A pennant turns up, the price expects a bigger correction as proof of a breakout.
When price breaks out to the the downside, the resulting move could predict the more likely potential of falling prices.
There is a possibility of a further move to 81 on a downside break.
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.