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TRIANGLE ASCENDANT
Brent Oil
UKOIL
4H
It looks like an ascending triangle has been spotted.
An ascending triangle is a useful price action signal that can be used to indicate that the price to go short once price collapses through the support line.
There is a chance of a further move to the 63 level.
CANAL ASCENDANT
Brent Oil
UKOIL
1H
There is an ascending channel exposed, the price is about to break out soon.
An ascending channel is considered to be a reliable pattern with an upward bias that is used to identify a further move down if price breaks below support.
Brent-oil dives out bullish trendline to 63 as bears looking for profit.
CANAL DESCENDANT
Brent Oil
UKOIL
1H
A descending channel develops and brent-oil demands a further active impulse up as a sign of a breakout.
In case if price breaks above resistance, the move could identify a next move up.
Brent-oil to surge considerably to 65.
FANION
Brent Oil
UKOIL
1H
A pennant is very close to being completed.
A pennant describes a useful price signal that signals that prices are likely to keep rallying upward once price breaks through the resistance.
Brent-oil to move upward to the 64.5 zone as brent-oil is at a brink of a bullish breakout.
CANAL DESCENDANT
Brent Oil
UKOIL
1H
A descending channel turns up.
A descending channel represents a useful bullish price indicator that results in a pause in a downtrending market once price breaks through the resistance.
Brent-oil to enjoy a considerable gain towards 64.5 on a breach of 64.4.
TRIANGLE SYMÉTRIQUE
Brent Oil
UKOIL
1H
There is a symmetrical triangle detected.
A symmetrical triangle represents a bearish chart formation that can be used to spot the bulls have run out of steam if price breaks out.
It is not ruled out that extra downside to 64 will occur amid brent-oil recedes from recent highs.
CANAL ASCENDANT
Brent Oil
UKOIL
1H
There is an ascending channel exposed and brent-oil lacks a steady impulse down to confirm a breakout.
Once price breaks through the support, the move could signal that prices move counter to the prevailing price trend.
It is likely that a further bearish continuation towards 64 will be made on impulse below 64.4.
CANAL ASCENDANT
Brent Oil
UKOIL
1H
We can see that an ascending channel is close to being done and brent-oil lacks more active fall to confirm ascending channel breakdown.
An ascending channel describes a bearish chart pattern that identifies a next move down if price breakdown occurs.
Brent-oil to resume its downfall towards the 64.5 level.
TRIANGLE ASCENDANT
Brent Oil
UKOIL
1H
It seems like an ascending triangle has been discovered and the price is ready to break out soon.
When price breaks above resistance, the resulting move could predict a next move up.
Brent-oil advances higher to 66.5 as bulls seeking a new high.
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