PLATINUM - monthly supportPreconditions:
- key level
- buy after break out
- locally uptrend
- global uptrend
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Platinum
PLG - Bull Flag OpportunityAs a continuation from my first post, we have such a great opportunity for a 150% gain in AMEX:PLG from where we are right now. TVC:PLATINUM has broken out of it's long-term resistance (shown here: ) and we are seeing capitulation within the precious metals sector. I don't expect us to stay here long! Don't miss out!
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
PLG: Bull-Flag Potential TargetAMEX:PLG has a potential bull-flag pattern currently playing out. While PLG can still continue to grind lower, a break to the upside of this pattern will give us an official SCOTCHstocks initial target of $9.30, with a possible overshoot.
Everything shared here is my own opinion and no results are guaranteed. Good luck!
Platinum - if history tells us anythingLook at the recent 3 $100 +/- drops for the metal. What the market tells us is that each time after these kinds of painful swing the market will follow up with sharp positive correction to the upside.
For now the trend is still up with the 200 EMA below the priceline, I would rather be a believer that history should repeat itself.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
The Future of the Gold MarketThe precious metals market is on a rampage, and if the trend continues without government intervention, this is how I believe things will play out.
Please keep in mind, I do not have a crystal ball. Things can and will change.
For example, if the federal reserve starts tightening through interest rates because their motive becomes focused on maintaining dollar strength, they have the ability to reverse this trend for a period of time.
The end result will always be higher gold prices, but the timing may be changed by intervention from government agencies.
Now that we have that out of the way... Here's what I expect from gold, which will also effect how the other metals move.
A large cup and handle pattern has been established on the monthly chart for gold. This basically means a high was set at $1920 and a big wash-out bottom took place shaking all the weak hands out of the market. Now it is ready to make a move similar to the start of 2000 and 1977.
There is a good chance of a pullback this or next year. I believe support will be held in the $1800-1900 area. If we are lucky, price will get smashed down to $1600, but don't hold your breath.
Why do I root for lower prices? Because lower prices give people who haven't gotten they metal yet a chance to participate.
With all the money printing taking place at the fed and reckless spending of the federal government, mass inflation was bound to happen.
Other metals like SI1! and PL1! to follow suite. Gold will typically make the move before they do, so it is key to watch the gold market.
More updates to come.
- Micah
Go platinum being bullish for MANY YEARS and now it is finally having its day now. Unfortunately I sold some of the shares to participate in the "silver squeeze" for which I regret so much that I don't have as much Platinum as in 2 weeks ago.
Will gradually buy back my PT shares with market dip or not. Seasonality wise PT will outperform in the next couple of month.
Technically it is very bullish with the price broke out of the super long term trendline resistance. Again it is a super depressed metal and it should be worth many multiples from this level IMO.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
💰🧧 Metal OX 🐂 🏮❤️💰💰💰 ( Year for Softer Metals)This is the second part, I would recommend you watch the First part
So this is t he Year of Softer Metals and our focus will NOT be on Gold. Gold is the 'Hardest metal' for the Financial standards and has already reached all time highs last Year ( last year was also a Metal year but Yang, not Yin!)
In this video we cover:
🏮Silver which is far away from it's price in 1981 (!!!)
🏮Platinum which has been our first pick in January
🏮💰 Lithium which is the definition of a 'soft metal' and was a huge success for us in 2020
🏮 Nickel which we like to invest through an (ETN) exchanged traded note or this Australian beauty 🦘
PLATINUM on an ascending triangle 🦐PLATINUM on the daily chart is consolidating below the 1130 resistance structure.
The price is creating an ascending triangle between the ascending trendline and the resistance.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Platinum - 2nd Target achieved ✔️✔️This was our FIRST VIDEO of the year , maybe watch it now if you haven't already. Trading 101 paid profits and dividends twice.
Now let's go for more - 2 target profits left: here
My friend Kaush says that:
It’s 8% away from its 20 ema
it’s pullbacks have been roughly 13%
in the past max it’s gone is 10% away from its 20 ema before doing a pullback
What does that mean? Well, it is basically a train going 300 miles per hour. Hard to get on it, happy to be on it. The secret is to buy the dips at the right price (that's why we share with you here).
what's next? #platinumlongterm 👈