Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Brent Oil
UKOIL
4H
An ascending triangle pops up, the price calls for pullback as evidence of a breakout.
When price breaks out to the the downside, the move could predict a next move down.
A rangebound to 104 is about to happen while below 106.
ASCENDING CHANNEL
Brent Oil
UKOIL
1H
It looks like an ascending channel materializes.
An ascending channel provides a specific price action signal that identifies that the price to go short in case if price breaks out to the the downside.
Brent-oil to turn bearish towards the 105.5 mark once below 105.8.
ASCENDING CHANNEL
Gold
XAU/USD
4H
An ascending channel is observed, the price is about to break out now.
Once price breaks out, the resulting move could spot a bearish price move.
It is likely that decline towards the 4100 level will form.
ASCENDING CHANNEL
Gold
XAU/USD
4H
It seems like the price forms an ascending channel, gold calls for a further steady move as a clue of a breakout.
An ascending channel depicts a compelling bearish pattern that can be used to identify a temporary interruption during a rising market in case if price breaks down.
It is not ruled out that a bearish continuation to 4140 will form.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge emerging and the price calls for a steady move for clear breakout confirmation.
A falling wedge spots a next move up once price breaks through the resistance.
There is a possibility of a bullish move to the 4190 mark while above 4180.
DESCENDING TRIANGLE
Silver
XAG/USD
4H
As we can see a descending triangle is nearing completion and the price is close to breaking out.
A descending triangle is believed to be a reliable chart formation that indicates the more likely potential of falling prices in case if price breaks out.
Corrective downside to the 58.5 zone is probable on a breakout of the descending triangle.
RECTANGLE
Gold
XAU/USD
1H
It looks like a rectangle is very close to being finished, the price is breaking out.
A rectangle indicates the more likely potential of falling prices once price breaks down.
Gold could attempt a move to 4160 as extra rangebound not ruled out.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that crude-oil forms an ascending triangle, the price demands a next bigger move as an information of a breakout.
An ascending triangle spots extending an uptrend when price breaks out.
It is not ruled out that a further bullish move to the 95 level will form.
SYMMETRICAL TRIANGLE
Brent Oil
UKOIL
1H
Brent-oil shapes a symmetrical triangle, the price requests next strong push up as a clue of a breakout.
A symmetrical triangle typically spots that the price will rally further if price breaks out to the the upside.
A bullish continuation towards the 107 mark is on the cards on a breach of 105.8 as brent-oil becomes bid.
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