XPTUSD 1DEntry:872.28
SL:835.10
TP1: 897.06
Yesterday my trading algorithm was triggered. Please comment below if you agree with the idea!
PLATINUM trade ideas
Platinum idea (07/09/2022)platinum
We expect the metal to drop since trading below the resistance point of 971.80, but currently, we expect a correction in wave ((ii)) targeting 50% levels at prices of 897.58 to end the wave ((ii)) before descending again
Platinum $ spot: a pullback unfolding?A price action above 832 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further trend support above 848.
Consolidation range from 842 to 860.
Crossing above 860 might target 888.
Remains a rsiky trade.
Ready for a cheap Platinum ring?Empire formation + AB=CD + Bearish Stochastic RSI + 6 Month Timeframe
Plat Plot...Looks like this is lagging gold / silver and will finish correcting a bit later by the looks - expecting prices to go down to our fibs/react on our blue line as a trend reversal point.
platinum idea (31/08/2022)platinum
We expected the metal’s movement to rise over time term because prices are above the second support point 862.79 for the correction before Descending back to lower prices, targeting 752 to end the wave correction in wave ((2)).
Platinum bullish patternAnother highly interesting view of platinum. Here you can see all the more clearly that platinum is taking on bullish patterns.
Thoughts ?
Precious metal super cycle ?Anyone who knows my previous analyzes knows that I like to think about charts in the evening. This precious metal struck me as all the more interesting, and I look at it less often.
When I tried it several times, I actually noticed this interesting pattern. This doesn't have to be so untrue, if the USD is going to be weakened for a long time, why shouldn't we be running into a new super cycle?
Or to put it another way: What can happen that a new super cycle for precious metals/raw materials can arise?
Platinum Analysis & Trade IdeaPlatinum 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.
Platinum/U.S Dollar idea (25/08/2022)Platinum
We expected the metal's movement over the time term to rise since prices are above the minor 862.79 support point at the bottom of wave 2. we expected to target a price of 972.00 in the time term. But the main support point is at 830.50, which is the bottom of the wave (2).
PLATINUM | Resistance?Thursday, 25 August 2022
13:57 PM (WIB)
I want to analyze the movement of Platinum, regarding it still in the descending box with the lowest price of $731 and the highest price of $952. Now the price moves at the Resistance Lines of this descending box. Actually, the price movement has broken out of this descending box and reached the MA200, and then fall again inside the descending box again. In this situation, Platinum is now at the top of Resistance that possible to create a retracement move. And the price is possible to fall again in the direction of 0.786F or even more low 1F.
But the performance between a descending box with the MACD and Stochastic is still not connected to the strong signal. Keep watch and notes.
Platinum/U.S Dollar idea (17/08/2022)Platinum; We expect a rise in wave (3) over The time term. The Rise depends on the first support point 565.43 The correction may have ended in wave (2) at the second support point 835.50 Therefore, the Rise depends on trading above the support point of 835.50
Jamie Gun2Head Trade - Selling Platinum 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 technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Week 08 | XPTUSD | Long Position | H1 | 02-08-2022Platinum has shown inverse head and shoulder pattern and now its in a bullish trend. We can take long position at this stage as the price is still making higher highs and higher lows.
XPTUSD $XPTUSD Initial LongXPTUSD $XPTUSD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Platinum UpdatePlatinum is about to form a very good daily bullish early pattern. As a result of this, a weekly correction will occur, and if it is extended to an upper time frame, it can go up to a monthly correction. Follow the correction trend line of the daily rising wave. If this first line is broken it will be invalid.
Platinum UpdatePlatinum could be a 4 hour bullish pattern. If so, this would be a very good buy opportunity. And, since the whole wave is a monthly down wave, it is highly likely to fall again after weekly corretion. Depending on the time wave, the weekly correction will take more than 3 weeks, and when the 4 hour wave is broken, the daily correction will occur, and a daily bullish pattern will appear again. The daily bullish pattern completion is around the end of the weekly correction.
Platinum UpdatePlatinum can generate impulses that break the daily downtrend. This impulse will be a weekly correction process that draws a daily correction trend line, after which there is a possibility of another decline.
Platinum UpdatePlatinum is undergoing a monthly downtrend.
Since a weekly correction trend line is needed between the last monthly correction trend line, if it rebounds, it can rise to around the weekly supply zone.
As the Bullish pattern occurred on the 4-hour chart in the lower time frame, the uptrend could continue as long as the correction trend line of the uptrend is not broken.
If the weekly supply zone is reached, the bottom can be updated to draw a monthly correction trend line of the downtrend.
After that, I expect a strong retracement to stop the monthly downtrend.
Platinum (XPT/USD) Going Bullish???Will Palladium Close Bullish This Month (JULY) ?
This Trade Consists Of A Classic AMD Trade And Traditional SnD +A Few ICT Concepts
I'm Framing A Possible Reversal, Since I've Seen The WEEKLY & DAILY Timeframe Have Swept Liquidity Below And Palladium Is Currently Trading In My Premium Zone (Oversold), NOT OVERSOLD AS IN OSCILATOR INDICATION
My Expectations For This Setup
Small Pullback Towards The Optimal Trade Entry Zone , Creating A Second From The 2 Hour Timeframe
Price Filling The Imbalance Below Or Testing A Bullish Orderblock, As Our ENTRY TRIGGER
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