Platinum
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
Sprott Inc.stochRSI bottom - rsi sitting at below 40 in a macro uptrend , within uptrend channel , usually when RSI is 50-60 range on an uptrend it is considered oversold , possibility of posting higher low - risk of hitting bottom of parabola but holding at the .23 - interesting scenarios from this price level - but fundamentals are strong with this, posting gains , larger AUM and dividend increase - most likely will sustain uptrend with the metals asset class as supply and demand has greatly hindered the market especially in metals that are in severe supply shortages
Platin with new 5 year high!Retest of 1060 today and immediately the run in the other direction. Intraday a new 5 year high. If it spikes through, the way to 1200 is open.
Short term correction for Platinum?
4 hour chart with CMF bearish divergence..watching this closely.
mid to long term very bullish.
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.
Possible rising wedge for Platinumrising wedge forming, price target of 1081 which is the previous swing high. At that PT point there should be people taking profit.
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.
one possible price action scenario for Platinum
possible price action scenario short term:
rising bearish wedge if played out would bring down the price back to the larger Bull flag channel lower line. Then price to resume upward swing
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 future 65 min possible negative StochastiRSIdivergence SWOT
S:
1. seasonality wise Dec and Jan strong.
2. The week after Christmas typically is strong for stocks and even first week of the new year.
3. possible inventory shortage for the metal
4. bullish setup for intermediate time span (Daily, 3 day, etc.)
5. very undervalued based on historical price and especially given the devalued dollar and near 0 (or negative) interest rate.
6. just had a huge 10% correction on last Sunday night and not likely to have another one soon.
W:
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O:
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T:
near term negative chart divergence
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.
Bear flag within a Bull Flagin the 8 hour and bigger time frame a Bull flag is forming.. However, with the lower time frame such as 4 hour there is a possible bear flag. So watch very closely the price action here, very interesting.
Keep in mind that Seasonality wise the Platinum is very bullish in December and January for the past 5 years.
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 hidden divergence on 8 hour and 2 Day chartsThis hidden divergence would normally mean the up trend continuation...would need some confirmation.
I am taking an aggressive position here and will observe a tight stop.
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 Platinum bull market has begun...REPOSTApologies, the previous idea came out weird.
As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
The Platinum bull market has begun.As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
PlatinumWednesday, 16 December 2020
17:39 PM (WIB)
Platinum is breaking out the historical descending downtrend lines
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
CME NYMEX:PL Platinum prices forecast, Buy, Target 1504Platinum Futures (CME NYMEX: PL, USD/ozt)
Trade : Buy Dip
Entry : 930
Target : 1504 (574, +61.72%)
Stop : 850 (-80, -8.6%)
Posted on Saturday, Dec 12, 2020 (EST)
Note : Even though, it seems to be meaningful in the movement of platinum price. It's as if someone, a very powerful, is controlling the prices. The resistances would be 1150, 1505 and 1750. The support could be 867. When the prices drop below 950, it would be better to find opportunities to buy. From a long-term perspective, it would be better to do buy-trading than sell-trading.
PLG before 93% increase.PLG before 93% increase. Shares of Platinum Group Metals showed an unusually high volume during the trading after hours (AH) period on Friday. This could be a sign of a further rise. It can be seen from my analysis that the motion of PLG is a fractal motion. size of the first fractal 1: 1 mapping. Since you are copying exactly so far, I have reason to assume that copying can continue exactly. What it means ? That Friday night’s AH motion is not a random motion, but the beginning of a rising wave sequence. If we look at the analysis, we can see that we expect a 93% increase from the current level in a copy. Target price 4.10usd.
