For those of you wondering how silversqueeze is going...A few quite prominent analysts have bashed the idea that the campaign is behind silver's ascent, saying it was due a breakout. It is true, Silver was due a breakout as was Gold. Platinum has arguably broken out and fallen away. As the chart shows, I think Silver would have been slapped down like the other two (as has happened several times in the last few months). Targets range from between $39 and $50 dollars for this next leg up and that was before the campaign. This could go even higher with the added push. Expect noise and volatility
Platinum
PLATINUM on the 0.618 🦐PLATINUM after the last impulse found a resistance at the 1130 area.
The price from there retraced at the 1055 level over the 0.618 fibonacci retracememnt.
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.
PLTM is bullish on daily and weekly MACI modified two scripts to plot Jake Bernstein MAC and Williams A/D. PLTM is bullish on weekly and daily time frames. Swing buy at the bottom of the channel ($10.75).
Platinum over Gold and Silver?Precious metals sold off some but in light of Ms. Yellen moving in to Treasury, a continuation of her currency expansion is likely. To disregard physical precious metals as perhaps the only safe store of wealth seems to be folly. While the gold/silver ratio has fallen from nearly 120:1 down to the mid 70s, Silver is no longer the best value. The Platinum Silver ratio had ranged from 126 down to 33. At it's current 43 level, it does seem like the place place to put new cash.
XPT USD SELL (PLATINUM - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for sell.
Platinum 8 hour Pin bar As of now price is chewing on the tails of the Pin bar but the Pin is still in the play. Look for price reversal to the upside still.
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.
Platinum retesting the breakoutPlatinum is in for a treat. Having retraced its breakout, it has clear skies ahead.
Next volume defined target is $1450 by October 2021!
90 min Platinum future chart shows possible CMF crossing down 0 Watch out here.
If the 0 line holds it would be bullish given the strong seasonality.
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.
Break-out of channel on rising volume. Sky's the limitSylvania has finally broke out of its channel its been in for all of 2020.
Chronically undervalued stock - history of 60%+ rev growth but with a TTM P/E ratio lower than its much larger competitors such as Impala Platinum.
Expect it to rally this week in the same vein as Tharisa (LON:THS), which rallied 80% in a matter of weeks, before ending the year at 200p+.
Platinum shorts should be very nervous here2 Day chart shows price and StocRSI having hidden divergence while price is way above 200 day EMA. This is a sign of trend (up) continuation.
Plus, seasonality chart indicates that the month of Jan is traditionally a very bullish month for the metal with average 3%+ gain followed by a even stronger February.
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.
Platinum Group Metals $PTM simple Bullflag setupThe consolidation in Platinum Group Metals $PTM should see a nice breakout to the upside soon.
Pin bar for continuation...90 min chart
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.
Platinum at 5 hour VWMA support
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.
Platinum short should be wary too here8 hour StocRSI and RSI both showing hidden divergence while price stays above 200 EMA. This could be a good indication that the upward trend WILL continue. Expecting the short term bounce to the $1090 area.
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.
Reversing Short to Long at 1051.0Stop: 1000.0
Our reversal trade was invalidated and we are no looking for continuation to the upside similar to our reversal trade in mid-November.
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat. To view the entire portfolio and track our performance visit our site.
Platinum (XPTUSD)Experimental probability of price breaking yesterday's low 04/01/21 low is >97%
Entries: Discount sell zone highlighted on Chart
Note: discount zone is invalid if price broke the low
Platinum be cautious here Monthly chart shows a little worrisome sign here. Not like other precious metals. Closely watch what will up fold over the next weeks...
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.
Platinum hits upper resistance band - Retrace possible Platinum has hit the upper resistance band and could see a retrace here. Afterwards, breaking this resistance would enable much higher prices to come.
PLATINUM - Our 4 take profit levelsOur chart with 4 take profit levels, based on our fundamental and techical prognosis
Platinum - FXPROFESSOR 101 ↗️Hi boys and girls,
ladies and gentlemen,
traders and gamblers,
investors and speculators of the world 🌐
This is my first post for a traditional asset in 2021 so let's make it a GREAT one
In this simple video I explain why Platinum is a good buy, still at a great time to buy.
Keep in touch for more, share your love, click on the like button and leave a comment.
ps. Friday is a HUGE day, feel free to contact me for info
