This is hard to stay wit so bear with anon. IT could be very important due to the two resources that are at play here. Oil and Gold.
Pic one is our Friend Gold. Cup and handle pattern that is working on a very long handle.
Pic 2 shows the classic pattern but they do not always look exactly like this. Watch it long enough and it becomes easier to filter out noise. Good music helps too.
Pic three is US Oil.
Our example chart is a 1hr chart. You can have it all the way down to tick-by-tick or daily. Preference is just anon comfyness and not wanting to give too much noise to you.
This looks like the handle being produced on an inverted cup and handle. Inverted Cup and Handle patterns can be stronger when the next logical place of support on the chart after the breakdown is a considerable distance away.
Anons take on this is based on the tech patterns only. Having said that I can honestly say I have never seen something set-up like this. Oil is on it's way down considerably from here if this inverted pattern plays out.
Gold is on it's way up considerably based on the standard cup and handle pattern
Lock and load anons.