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XPTUSD

Possible bottoming pattern on PlatinumI am long from 815 based on the 4hr chart. Some evidence for a potential bottom: There is a major bottoming developing in the spread between platinum and palladium. Platinum is on the verge of rebounding aggressively against it. This trade is very low risk from here. Obviously we would need the dollar to turn lower if platinum's rise is actually sustainable. For this reason, my trading time frame will remain small (4hr - daily), however, the weekly chart is showing a strong close once today is finished as long as price stays in this range.
OANDA:XPTUSDLong
by Lanmar
Platinum is moving to a key level where we can open LongPlatinum is moving to a key level where we can open Long 2 weeks ago the price made fake broke at key level $810 and D1 close upper it. That showed to us that big players have an interest in buying. Currency rate is making pull beak down. I recommend opening Long near: $810 S/L under low $796 T/ P1: $1010 S/L: $1147 It is deal for long-term traders. If everything will work on my scenario, it can take 1–2 months before the price will hit T/P.
OANDA:XPTUSDLong
by Yuriy_Bishko
1
Standard Channel Down and new Lower HighPlatinum is trading on a long term 1W Channel Down (Highs/Lows = -12.1143, B/BP = -36.7780, MACD = -13.210) that started off in late January and has just priced the latest Lower High near 915. With 4H neutral (RSI = 50.443, Williams = -46.789) around the blue line, we expect the decline to a new Lower Low to start soon. The TP is at least the previous Lower Low at 877.90 but more risk averse traders can book the profit earlier ay 893.40.
NYMEX:PL1!Short
by InvestingScope
XPTUSD Long Trade SetupHello traders Platinum has a great potential for upside but in the meantime, there is still chance for more down move. If the structure between the yellow lines is a contracting flat the structure between green lines should be the correction after reversal impulse and it should go up. If the structure between orange lines is a running flat, it will keep going down. But even in this scenario, I'm expecting some correction. That's why I have placed an entry order. My plan is to take the trade move stop-loss to break even and see the potential. If it breaks the previous bottom, I will move the entry price and stop-loss accordingly.
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by WaveAnalysis
XPTUSD Long Trade SetupHello, traders. I'm expecting very nice up move in platinum. You can see my higher degree expectation in the followed chart, but it is almost impossible to explain by drawing because there are a lot of options. So, if you want to see detailed analysis, please watch today's analysis video on Youtube. The last down move has 5 waves already and the 5th wave looks like a reversal pattern. That's why I have put an entry order as you can see. The stop-loss is not certain. If the price goes deeper levels I will rearrange the entry price, stop-loss and lot size according to new bottoms.
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by WaveAnalysis
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
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by KyleMcQuade