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XPTUSD

$XPT v $USD - Predictive Model Eyes Lower Targets | #platinumQUICK ANALYSIS: Prior analysis released this past May 2015 is replaced by this update. Following defines and explains the Predictive/Forecasting Model's targets, as well as the "Geo": PREDICTIVE/FORECASTING MODEL: The following targets are defined by the Predictive/Forecasting Model as: 1 - TG-2 = 849.0 - 13 NOV 2015 - This is a quantitative target ("Quant-Target") ... All Quant-Targets are usually associated with retracements (not reversal), as well as the definition of future R/S levels if entering a new price territory, or validation of prior R/S levels if revisiting prior price territories. The relevance of a Quant-Target is that it is usually associated with a retracement in the Fibonacci order of 0.386 to 0.618; 2 - TG-Lo = 629.8 - 13 NOV 2015 - This is a qualitative target ("Qual-Target") ... All Qual-Targets are usually associated with reversals (not just retracement), defining a probable tip-top or bottom-tip reversal if entering a new price territory. The relevance of a Qual-Target is that it is usually associated with a reversal in the Fibonacci order of 0.618 to extensions levels of 1.131, 1.272, 1.313, 1.414 or 1.618; AND 3 - TG-Lox = 487.9 - 13 NOV 2015 - This is a Qual-Target and abides to same condition as above. GEO: The Geo is a refinement of the Mr. William "Bill" Wolfe's namesake Wolfe Wave (www.WolfeWave.com), taking into consideration internal construction conditions, as well as compensating for geometric distortions that occur in the Wolfe Wave. While the Wolfe Wave defines the 1-4 Line projection as a target once price reverses from Point-5, this target is sometimes missed by a margin that relates to how much adverse excursion occurred off of Point-5. Hence, the Geo takes into account these adverse excursions in price, which define an altered, distorted geometry ("Geo"). This distorted geometry now associates Point-5, 5' and 5'' with high-probability targets, into a "Geo Off-Set Rule", numbered as follows: #1 - IF price reverses from Point-5, THEN 1-4 Line is the HIGH-PROBABILITY target (Wolfe Wave rule as well); #2 - IF price reverses from Point-5', THEN price level of Point-4 becomes the HIGH-PROBABILITY target; AND #3 - IF price reverses from Point-5'', THEN price level of Point-3 becomes the HIGH-PROBABILITY target. DISCUSSION: Note that price has already defined Point-5'', whereas it has yet to define TG-2 = 849.0. As stated in the rule Geo's Off-Set Rule #3, Point-5'' definition is associated with a high-probability target at price level of Point-3 - This would ths point to a high-probability of price retracing to 1262.9 - See following chart: While TG-2 remains pending at this time, if and once this target is hit, it would also be associated with price retracing (not reversing) to one of the three Fibonacci values, namely: 0.386, 0.500 or 0.618. Interestingly, as per following chart, satisfaction of both 1) Geo's Off-Set Rule #3 as well as 2) Quant-Target would put these two conditions into near-perfect alignment - See following chart: OVERALL: Predictive/Forecasting Model, as well as the Geo, call for a price relaxation from circa 849.0 to 1262.9, whereas the Predictive/Forecasting Model alone calls for a moderate probability of price eventually reaching TG-Lo = 629.8, thus defining the following probable price action: Best, David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA ----- Follow me on ... Twitter: @4xForecaster Linked-In: David Alcindor TradingView: www.TradingView.com ----- .
XShort
by 4xForecaster
2
Platinum Target 20 WMAWeekly RSI may have bottomed and this offer a great swing long opportunity with a great RR. With a risk of 10 -20 points, the reward that we are after is at least 60 points (1:3) ratio. Here are some of the reasons to go long: - Platinum is oversold after the FOMC statement that had a revision lower on US GDP - Dollar weakness has not transpired into any buying but that is about to change - A 20 WMA reconnect could be the play for a corrective rally - 4 hour RSI bullish divergence thus a corrective rally is overdue
XLong
by sugardaddyFED
$XPT vs. $USD Eyes Support @ 999.80 | $AUD $CAD $CHF #XPT $XAUFriends, PREDICTIVE MODEL: Predictive/Forecasting Model eyes the following probable bearish target: - TG-Lo = 999.8 - 11 JUN 2015 MARKET GEO: In terms of market geometry, overlay of 2 Geos is pointing to the nearing of a probable support in this long-term MONTHLY chart. The 1-3 Line of the smaller Geo is likely to play a significant impact on future price action, and might be considered as a trigger line when watching for further price advance. However, the underside extension of the larger Geo remains the true Line-In-The-Sand against any advance, but price is likely to remain at a distance from these levels for a while. OVERALL: This represents a long-term play. In terms of Forex relevance, platinum is one of the rarest metal, and has the tendency to move or often lead the way among other precious metals. As this analysis suggests that a nadir is near or may have been reached, one should perhaps look at gold-sensitive Forex pairs, such as $AUD, $CAD, $CHF for a near-correlation in price action. Do not expect a one-to-one correlation, but a monthly or weekly chart could point to comparable tendencies - HINT: Look for a widening in platinum vs. gold as one possible leading indicator. Best, David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA ----- Twitter: @4xForecaster Twitter: David Alcindor ----- .
XShort
by 4xForecaster
4
Weekly Technical View - Platinum Only a break higher above 1185 or out of the long term down trend line will be sufficient for the bulls to retake control. Short in this sellers market. Price continue to trade below the 20 WMA which is now sitting at 1180. Our stance remains the same here, Platinum to have a corrective rally as long as it trades within the triangle - creating higher low and lower high. As long as it trades within the long term downtrend line, we will not go long.
XShort
by sugardaddyFED
XPTUSD - Daily Technical ViewWe covered all short positions made at 1150-1160 level at 1125-1135 level. Once again, price found support on that Green trendline - a rising higher low made since 2015 low of 1086. This further suggest that Platinum is also trading in a Symmetrical triangle pattern with a biased for further downside. 1) Break above 1186 we will go long or 2) Break below 1115 we will go short to target previous low Your essential Precious Metal reading, please go to: thebulliontimes.wordpress.com and www.sharpspixley.com
X
by sugardaddyFED
Platinum might have set un a long-term baseThe precious metals markets are looking pretty bullish right now, and I think that platinum might have set in a major base at $1150 in February. It's still too early to determine whether or not the down trend in place since last July is over, but technicals are telling me that a long term low might be established if all metals rally in March. The risk/reward ratio for a long strategy with a stop below $1140 (watch out for spreads on this metal) appears attractive, and my first upside target is at $1290. If all goes well, a new rally will lead to a breach above $1300 later this year. I'm bullish above $1150 and will remain confident on this strategy so long as platinum remains above $1180 (horizontal monthly support).
NYMEX:PL1!Long
by ABRAK75
Silver set to outperform gold and platinum next yearThe platinum/silver ratio indicates right now that silver will likely be the best precious metal to buy at the start of 2015 if all metals start rallying like in January 2014. Please see my previous ideas on silver and on the silver/gold ratio to see why this metal in particular has caught my eye lately. If you're bullish on precious metals right now, give preference to silver as it has the most to gain if a bullish metals market does set in.
NYMEX:PL1!
by ABRAK75
1
Cyclical low being set in platinum market ?I've been watching platinum closely for the past month and a half as I discovered a mean-reversion pattern that has repeated itself several times since 2011. Using a 200-Day Disparity Index, which measures how far current price is from the 200-Day Exponential Moving Average (EMA200), you can clearly see that platinum tends to set cyclical lows when it is around 17-20% below its EMA200. Significant bounces have also occurred when the DI200 is only at -13%. Since November, platinum has stabilized above the $1180 handle. The fact that this corresponded to the metal being at parity with gold is worth noting. Check out the descending trend line that has thus far allowed for a limited technical bounce the past couple of weeks. The May/June 2012 and June 2013 lows were set on this trend line, and platinum bounced all the way back to and even above its EMA200 afterwords. The EMA200 is currently at $1355, and it will slowly descend as time goes by. If platinum manages to remain above the $1180 level by the end of the year, I think there will be some upside potential at the start of 2015 just like there was at the beginning of 2014. I therefore believe it's worth entertaining the idea of going long in the platinum market towards the end of December when it might be a little more clear as to whether or not price will remain above $1170-80$. If so, a stop at around $1140 should be good enough to be able to target the EMA200 during the first couple of months of 2015.
XLong
by ABRAK75
Platinum 4H American Session (13.08.2014) Technical AnalysisThe Platinum / US Dollar pair (XPTUSD) 4H Diagram Technical Analysis Training shows the following: The XPTUSD pair has made a correction and now is exactly on 0.5 of fib. The KUMO offer now its support. The daily diagram is marginally bullish. So the first think in mind is that XPTUSD pair will move towards to EMA 200 & Kijun Sen. MACD and RSI is turning bullish. We have no special candlestick pattern. The pair is above the KUMO, breaching now the Tenkan Sen. There is a double bottom at 1465. The fib from 1459.3 to 1482.5 (projection) shows the 1475 as first target. Long for EMA 200 first. Stop loss under 1467.
XLong
by UnknownUnicorn13425