USOIL completes a descending triangle, the price breaks out.
A descending triangle depicts a price formation that often identifies a bullish price action in case if price breaks above resistance.
USOIL to extend its rebound towards 77 as indicators favor bulls.
Crude Oil: Descending Triangle
USOIL,
1 day
SHORT
Nov 1
We can see that a descending triangle has been diagnosed, the price breaks out.
In case if price breaks down, the resulting move could identify the bulls have run out of steam.
A move towards 80 about to be made on a breach of 82.
Crude Oil: Descending Triangle
USOIL,
1 hour
SHORT
Nov 6
There is a descending triangle arising and the price is ready to break out.
A descending triangle denotes a technical price formation that predicts a next move down once price breakdown occurs.
It is possible that decline to 80.5 will form on a breach of 80.7.
Crude Oil: Descending Triangle
USOIL,
1 hour
LONG
Jul 20
As we can see a descending triangle is close to completion, USOIL requests a further move as an information of a breakout.
A descending triangle describes a signal that often predicts a sharp rise once price breaks above resistance.
USOIL to recover bullish potential to the 76 mark on a breach of 75.8 as the commodity nears 75.8 hurdle.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Jun 19
An ascending channel is found and the price is ready to break out soon.
An ascending channel identifies a sharp decline in case if price breakdown occurs.
USOIL risks extending drop to 70.5.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Mar 7
Crude Oil: Descending Triangle
USOIL,
1 hour
SHORT
Mar 9
There is a descending triangle occuring, USOIL calls for a next steady move for clear breakdown confirmation.
A descending triangle tends to be a price action indicator that typically results in that the price to go down once price breakdown occurs.
USOIL to push down to the 76.2 zone on a breakout of the descending triangle.
Crude Oil: Rectangle
USOIL,
1 hour
LONG
Nov 28
As we can see USOIL completes a rectangle and the price calls for a bigger move to confirm rectangle breakout.
Once price breaks through the resistance, the resulting move could spot that the price to go long.
A bullish move towards 75.8 is on the way.
Crude Oil: Descending Triangle
USOIL,
1 hour
SHORT
Sep 25
It looks like the price builds a descending triangle, the price is going to break out.
A descending triangle is said to depict a price action formation that is used to signal that the price to go short when price breakdown occurs.
USOIL could drop to the 89.4 level.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Jun 13
It looks like the price establishes a descending channel and the price is going to break out.
If price breaks through the resistance, the move could predict a potential bullish reversal in price action.
USOIL aims to complete a retracement towards 69 on a breakout of the descending channel.
Crude Oil: Rectangle
USOIL,
1 hour
SHORT
Jan 2
There is a rectangle exposed and the price expects a move as a sign of a breakout.
A rectangle signals extending an downtrend in case if price collapses through the support line.
It is not ruled out that a bearish continuation to 71 will be made.
Crude Oil: Pennant
USOIL,
4 hours
LONG
Jul 21
There is a pennant poping up and the price is ready to break out.
A pennant suggests a technical bullish price pattern that typically indicates a next move up in case if price breaks above resistance.
USOIL to enjoy a considerable gain towards 76.5.
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.
Crude Oil · USOIL