Triangle Pattern formed in Platinum Future, wait for the Breakout. Because Breakout is the Confirmation market move to the Bullish Trend. And 1st Target price is 1882, 2nd Target price 2763. This is for Long Term Analysis. I want to help people to Make Profit all over the World.
SInce April, we've seen the price on a strong decline from $1,143 down to $843. It then reached a low and has consolidated around forming a Triple Bottom. The price has broken above the downtrend along with the neckline of the pattern. This means, we are ina bull market. But hold up. There are two ways this can go. EIther the market continues to...
Dear Esteemed TV Members, P latinum has been swaying within a bearish trend. However, insights from Support Vector Machines (SVMs) applied to daily candles suggest a potential weakening of this bearish momentum. This predictive analysis, coupled with a possible rising channel pattern on the Relative Strength Index (RSI), indicates that the bearish trend might...
Bearish Setup -Price was in an uptrend but now it has stopped making higher highs. -RSI is also showing bearish divergence -The price point has also rejected from resistance
Platinum continues to be confined within a persistent bearish channel, characterized by a pattern of lower highs and lower lows in its price movement. This ongoing trend suggests a prevailing bearish sentiment in the market. As the price of platinum remains locked within this channel, there is a possibility of a new bearish impulse emerging. Given the current...
Platinum Futures At present Precious Metals all seem to have the wind at their back on longer timeframes. - A H&S pattern with a potential breakout within a - Cup&handle with a potential breakout within a - A long term pennant with a potential breakout. RSI Indications - You can see how the green/red circles and resistance lines provided great entries and...
1. Platinum price is In a broader upward trend. 2. It is approaching the middle line of the regression trend. 3. Moved above the 61.8% Fibonacci retracement level. 4. Supported by trend indicators.
HELLO GUYS THIS MY IDEA 💡ABOUT PL1! is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the buyers from this area will be defend this LONG position.. and when the price come back to this area, strong buyers will be push up the market again.. UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
Platinum has reached an important poi. Could be poised to take a fall. It may take some time, as the USD has been weakened by slightly better inflation news, so we'll see. The D1 momentum is bullish , currently, so waiting for confirmations for sells is the best course of action. Look for bearish price action at current levels.
Trade Idea: Selling Platinum Reasoning: Bearish outside candle on daily chart, head and shoulders top forming? Entry Level: 925 Take Profit Level: 887 Stop Loss: 936 Risk/Reward: 3.45:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
The trend of Platinum USD on the 1D time frame is showing a reversal. Firstly you can see a downtrend in the form of LH and LL then at the bottom, you can observe the HH and HL which is a sign of trend reversal or consolidation phase. So you can buy from here by putting a stop loss at the LL point mentioned in the chart.
After rising above 1k in mid-April, Platinum has started to roll back down and has dropped to 900 zone important support (see daily chart). After reaching this support the price started to consolidate last week and finally has broken up. Now the price came to confirm this break and is trading in the last resistance now support zone. I expect a new leg up above 1k...
Platinum has completed a backtest on the upward resistance line (now support) of the bearish wedge pattern it has been trapped in for 12 years. A breakout and a retest is incredibly bullish and i'd expect the price to reflect the set up we are seeing by 2023/2024 by reaching old highs.
PLATINUM on the daily chart is trading over a weekly dynamic support. The price after the test of the 0.5 Fib level has been rejected and potentially can create a lower low. According to Plancton's strategy if the market will break below and satisfy the ACADEMY rules we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
Three weeks ago I said that Platinum is trading in a rising wedge pattern and a break of this pattern can lead to losses and to a break under 1k important figure. Platinum didn't disappoint me and it reached its target at 930. With great selling pressure on PMs (Silver&Gold) we can also see this support falling and 850 can be bear's target. Sell ralliers towards...
This forecast is for investors, now you look at the global events and find some volatility on gold and silver prices as a safe haven also platinum has the same rule but what makes platinum is the best opportunity right now is the current price has fallen enough to reach the desired support at 770 $- 820$ area I expect the price to continue going down the path to...
Since the low at 905 made on 20th September, Platinum has risen to a high around 1100. However, the rise is not impulsive and has drawn a rising wedge pattern on our daily chart. Confirmation of the pattern comes with a break under 1050 and this can lead to a dive under 1k and to rising wedge target and the last low in 900 zone.
Platinum - XPTUSD trending up very nicely on monthly and even daily timeframe. Clean bullish channel uptrend with strong support.