Major Bear Flag on Weekly. I would be cautious because there are severe warnings all across asset classes that another global dip is incoming.
Wanted to share this with everyone. Quite an important support line.
Depending how you define this decade long upchannel, we are likely to see a move towards $1555 region. Possibly by June.
We could see here an upward move over the coming weeks. Thing is Gold also has a very bullish setup, so something might be up which will cause the rise in precious metals. Fact is coin mints aren't working and mines are shutting down all around the world. We'll see...
Just an observation, let's see how it goes. Target subject to change depending on the date when we break the channel.
Noticed this one today and once I saw it, I couldn't unsee it, so decided to share here.
Fun chart, but let's see what happens.
Brent broke a bear flag on the daily which points to the same level which coincides with Decembers' lows. Macroeconomic event support this notion.
This triangle is in the making, once it breaks it could bring a 13$ move in the direction of the break out.
Noticed a new channel being formed. Enjoy :)
This one got me out of bed, had to share it. Seems to me like this is a bull flag formation with 3,1$ as a potential target. I see no special fundamental reasons why it should jump so high at this point, this is purely a pattern noticed on the chart (and the fact that we have two gaps we could fill up to 3,1$).
NatGas has been trading indecisively for few days now, it formed this channel which shows the potential breakout will bring a movement of 15c in the direction it breaks out to. Note that if it breaks to lower levels, and breaches a major support line which sits around 2,88$ now, we may see another major drop, possibly reaching 2,5$. Let's see how it unfolds.
This is just a quick idea, not really sure about it but wanted to see if it works out.
Possible bearish flag forming on daily and 4H charts, it's aiming towards $2,5 area.