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Platinum

Platinum - Bullish BatWhat's up guys, here's a setup I've been looking at for a while. I'm not a position trader- I don't like to hold trades for any longer than a couple of weeks max. That aside, I have saw this pattern coming for almost 2 months since the B level was broken (one could have BAMM'd it!) Here we have a bullish bat formation on platinum. The support level where the pattern falls has not been broken since 2016, and even that was brief. Since the chart in front of us began back in 2006 price has not been below the current support level for any longer than one month. For a precious metal of which there is less than one swimming pool on earth, price seems to be pretty low. This my prove to be a reasonable level for anyone looking to hold platinum long term. Bat Ratios B = 0.382-0.5 C = 0.382-0.886 D = 1.618-2.618 X to D = 0.886
OANDA:XPTUSDLong
by KyleMcQuade
PLG short squeeze with 4 times gain...PLG short squeeze with 4 times gain. The last drop of the exchange rate is visible. The wave structure could end at 0.1877 levels. From this level a so-called "SHORT SQUEEZE" is expected. The snort sqeeze wave can be a dual wave motion. The 0A wave is the first, with a target price of 0.3692. Then I expect a correction wave. The AB correction wave is a half wave structure. Then it follows again the first 0A wave structure. The second emerging wave is the BC wave structure with a target price of 0.4775
AMEX:PLGLong
by meszaros
XPTUSD Long idea after correction completesAnalysis: I've seen XPTUSD show a Impulsive move, and then correctively retrace towards the origin of the impulse. it has a little further to go hit the reversal zone indicated at the dashed orange lines. Hypothesis: I am looking for latent buy orders to kick in at the levels identified. Price should trade up to resistance where I have indicated by the blue arrow Risk Management: Trade potential 4:1 + Take off half at 1:1, and move stops to Break even. Let rest ride to Target. If you are concerned going long against short term bearish momentum.. you can wait for a 1D bullish candle before entry. PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
OANDA:XPTUSDLong
by james_007
6
Platinum trade idea, for the trade war ($XPT)The idea is that platinum would move between the two-blue line (these are recent daily support and resistance lines). It looks like Platinum founds its bottom and is ready to move up, to the price level of 1020 (which might be a recent resistance line of the weekly) , even do the RSI has not yet curved up it is clearly oversold on the daily. But last Friday candle shows a bullish sign. When the situation comes that coming week, the price will fall, there is are strong resistance zone between 893.7 (the weekly support line) and 901,37 (the daily support line). (If this break, it hits my stop loss). I assume, because of the coming trade war, commodities like gold and platinum will be a save heaven for investors. My targets are: 1: 1020 2: 1092 3: 1159 Stop loss, below the 890 ****This is not an investment advice, this is just a random thought and want to test my own hypothesis of the coming trade war, feel free to comment and join this trade, but remember never invest more than you can lose*****
OANDA:XPTUSDLong
by duckduckwhale
2
Platinum is weakI could see a good trading opportunity in selling some Platinum today. Large spec were buying a lot and it seems today that bull period is over (for some time) and they would liquidate their longs. Price has broken 2 important trend lines and came back a little, giving us the last chance for selling. I opened short position with target on 50 MA. If you have enough capital supply you could also consider lower targets, I mark them with flags. If 2017 trend line will be broken again form the bottom, I exit my position. However, in a good case I'll use trailing to insure my profits.
PShort
by ArtKon
1