A descending triangle turns up.
A descending triangle predicts that the price to go down once price breaks through the support.
USOIL risks extra losses towards 69.5 on impulse below 70.
Crude Oil: Falling Wedge
USOIL,
4 hours
LONG
Nov 26
There is a falling wedge forming and the price is about to break out.
A falling wedge identifies a breakout higher in case if price breaks out.
Crude-oil to accomodate towards the 59 mark once above 58.2 as downside pressure seen easing.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Oct 6
A descending channel takes place and the price expects a further move as a clue of a breakout.
A descending channel represents a useful bullish chart signal that identifies an extension in the upward direction when price breaks out to the the upside.
USOIL to peak towards the 83 level on a breakout of the descending channel.
Crude Oil: Pennant
USOIL,
4 hours
SHORT
Feb 1
It looks like a pennant takes place and the price is going to break out.
A pennant suggests a specific price action indicator that can be used to signal a further move down in case if price breaks down.
USOIL is bearish and en route to 75 as minor hurdle remains at 76.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
May 23
It looks like a descending channel is almost done, USOIL asks for a further strong move as an indication of a breakout.
A descending channel is believed to be a specific bullish price pattern that is used to predict that the price to go long once price breaks out to the the upside.
It is not ruled out that a further rangebound to 73 will happen as door open for the continuation of the uptrend.
Crude Oil: Rising Wedge
USOIL,
1 hour
SHORT
Feb 14
Crude Oil: Ascending Triangle
USOIL,
1 hour
SHORT
22 hours ago
An ascending triangle is discovered.
In case if price breaks out to the the downside, the move could spot the bulls have run out of steam.
Crude-oil set to lose more ground to 59 on a breach of 59.2.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Jan 31
There is an ascending channel discovered.
An ascending channel tends to be a chart pattern that is angled up that can be used to spot that the price to go short once price breaks down.
It is possible that a move towards the 76 level will happen.
Crude Oil: Descending Triangle
USOIL,
1 hour
SHORT
May 25
There is a descending triangle materializing, the price requests a bigger correction to confirm descending triangle breakout.
A descending triangle can be thought of as a reliable indicator that results in an extension in the downward direction if price breaks out.
There is a possibility of a bearish price action towards 73.2 while lower than 73.35.
Crude Oil: Rectangle
USOIL,
1 day
LONG
Sep 2
There is a rectangle revealed, the price expects a more active move for clear breakout confirmation.
A rectangle is said to depict a technical bullish price action formation that often signals that prices are likely to keep rallying upward if price breaks above resistance.
USOIL to move up towards the 86 level on a breakout of the rectangle as the commodity probes 84.5 hurdle.
Crude Oil: Ascending Channel
USOIL,
4 hours
SHORT
Feb 21
There is an ascending channel detected.
An ascending channel is a specific formation that often predicts an upward trend is about to reverse into an downward trend in case if price breaks through the support.
There is a possibility of a further rangebound to 76.
Crude Oil: Descending Triangle
USOIL,
1 hour
LONG
Jul 26
It looks like USOIL shapes a descending triangle, USOIL asks for a next active impulse up as an information of a breakout.
A descending triangle often predicts that the price will rally further in case if price breaks above resistance.
USOIL to jump to 79.2 on a breach of 79.1.
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Crude Oil · USOIL