There is a descending channel revealed.
When price breaks out to the the upside, the resulting move could predict that the price will rally further.
A move towards 81.5 looks possible as USOIL becomes bullish.
Crude Oil: Canal Ascendant
USOIL,
1 heure
SHORT
Fév 14
Crude Oil: Canal Ascendant
USOIL,
1 heure
SHORT
Jui 22
It seems like an ascending channel has been identified.
An ascending channel describes a specific bearish formation that is angled up that can be used to predict a next move down if price breaks out.
USOIL does not rule out a move towards 71.
Crude Oil: Rectangle
USOIL,
1 heure
SHORT
Mai 11
A rectangle materializes, the price is ready to break out soon.
A rectangle is a reliable chart pattern that signals a further move down when price breakdown occurs.
A bearish continuation towards 72 is possible on a breakdown of the rectangle.
Crude Oil: Canal Descendant
USOIL,
1 heure
LONG
Avr 11
The price establishes a descending channel, USOIL lacks a further active move for the certainty of breakout.
Once price breaks out, the resulting move could indicate a next move up.
USOIL to accomodate to 80.4 on a breakout of the descending channel.
Crude Oil: Canal Ascendant
USOIL,
1 heure
SHORT
Mai 25
An ascending channel arises and the price breaks out.
An ascending channel often spots a trend change to the downside when price breaks down.
USOIL to push down towards 73.5 on a downside break.
Crude Oil: Biseau Descendant
USOIL,
1 heure
LONG
Jui 1
There is a falling wedge noticed and USOIL wants a bigger move as a signal of a breakout.
When price breaks out, the resulting move could indicate a change in the prevailing trend.
USOIL to enjoy a considerable gain towards 69 as bulls look for entries.
Crude Oil: Biseau Ascendant
USOIL,
1 heure
SHORT
Jan 8
There is a rising wedge developing.
A rising wedge is a specific formation that spots a further move down when price breaks down.
There is a probability of extra downside to 72.5 on a downside break as the commodity keeps the bid tone.
Crude Oil: Fanion
USOIL,
4 heures
SHORT
Mai 2
We can see that a pennant develops, the price is ready to break out soon.
A pennant often spots extending an downtrend in case if price breaks below support.
USOIL now looks towards 74.
Crude Oil: Canal Ascendant
USOIL,
1 heure
SHORT
Nov 14
There is an ascending channel forming, USOIL wants a further bigger move as proof of a breakout.
An ascending channel typically predicts a bearish move once price breakdown occurs.
A bearish move towards the 77 zone is likely as indicators favor bears.
Crude Oil: Canal Ascendant
USOIL,
1 heure
SHORT
Oct 30
There is an ascending channel discovered.
An ascending channel describes a useful bearish price action formation that is used to spot a break during an uptrending market when price breaks through the support.
There is a possibility of a further move towards 84 on a breakdown of the ascending channel.
Crude Oil: Canal Descendant
USOIL,
4 heures
LONG
Déc 14
There is a descending channel forming.
A descending channel is said to depict a price pattern that has a downward slope that typically predicts a change in the prevailing trend if price breaks out to the the upside.
There is a probability of a bullish move to the 72 zone.
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