Open:
High:
Low:
Close:
PENNANT
Brent Oil
UKOIL
1H
A pennant is noticed and the price is going to break out soon.
A pennant depicts a reliable price indicator that is used to predict prices are likely to keep falling downward when price collapses through the support line.
There is a probability of a move towards 86.5.
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel turns up.
A descending channel spots a move up when price breaks through the resistance.
A bullish run to 65.5 is on the way.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that a descending channel comes out.
A descending channel suggests a bullish pattern that has a downward slope that often results in a next move up in case if price breaks out.
Gold looks north towards the 4380 level once above 4375.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel taking place.
A descending channel represents a price action signal that is used to signal a further move up in case if price breaks out to the the upside.
Silver to resume its rise towards 65 on a breakout of the descending channel.
DESCENDING CHANNEL
Brent Oil
UKOIL
1H
Brent-oil forms a descending channel.
A descending channel is a technical bullish chart signal that can be used to signal a next move up if price breaks out to the the upside.
Brent-oil to increase bullish potential to the 88 zone.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It seems like the price sets up a descending channel, platinum wants a next move as a clue of a breakout.
When price breaks out to the the upside, the resulting move could identify a breakout higher.
Platinum to jump to the 1740 zone as door open for the continuation of the uptrend.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like the price develops a descending channel.
A descending channel typically identifies the bears have run out of steam if price breaks through the resistance.
Platinum to turn bullish towards 1740.
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
A descending triangle is recognized.
If price breaks through the support, the resulting move could predict that the price to go short.
It is possible that a move to the 1700 mark will be made.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle is close to being completed, gold expects a bigger correction as an information of a breakout.
When price collapses through the support line, the move could signal an extension in the downward direction.
It is not ruled out that a bearish continuation towards the 4380 zone will be made on a breakout of the descending triangle.
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.