Platinum has a lovely chartLooks like the time to either get long and strong in a big way on platinum. Isn't that the kind of chart that just screams "buy"?
PT1! trade ideas
023. PIGGISH PLAY - Staircase Long PPLT (Platinum)When I fly Delta back in the day of organized air travel, I was this close to obtaining Platinum status.
Unfortunately, I was only able to achieve stupid Gold status, which is obviously not as good as Platinum.
Obviously.
Why on rare metal Earth is platinum/oz. nearly half the price of gold/oz. if Deltas platinum status is so much rarer to obtain than gold status?
Well, Platinum used to be priced higher than gold until the manic Palladium run began.
Some quick facts: As per the November report, Platinum demand greatly exceeds platinum supply in 2020 due to covid-related mine suspension. What's more, 2021 projections seem to extend this microeconomic imbalance into greater disparity.
This report catalyzed one of the more low-key massive mean reversions back to nearly double the current price. Add in some printing and some overshoot and ya got what parity should look like today against gold.
Long. Use options. Use equity. Go crazy with creativity. It's a metal, so those fib extensions will work no matter the EV of travel you choose to traverse the staircase of status.
- Pigs Fly Platinum
AMEX:PPLT
TVC:PLATINUM
TVC:GOLD
TVC:SILVER
PLATINUM Strong resistance levelIt's so close to the very strong resistance level. This is the 6th attempt for the last 6 years. Psychologically I'm for the long position, but of course only after breaking this resistance level.
Long if breaks the point Hello,
Here we could see a possible move of Platinum to the 1200 if breaks the high. Our scenario exists as we are above the red line (960$).
P.S.
This is not an investment advice. I do not hold any position in that instrument
Platinum - RIsing wedge + Regular Bearish DivergenceA rising wedge is completing its formation with a regular bearish divergence hinting for price to push lower in the upcoming days. This confluence could mean current bullish force is having hard time pushing through the first resistance level.
is platinum signaling a big move coming?
inverse head in shoulder upside in platinum spotted?
potential upside target to 1500 range by way of measure move.
#platinum
Reversing Short to Long at: 941.3Ingenuity Trading Model- Swing Trading Algorithm used in- Stock, Forex, Futures, and Crypto markets
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For more information feel free to contact me via private chat
Sell Signal: 930.7Ingenuity Trading Model- Swing Trading Algorithm used in all markets- Stocks, Forex, Futures, and Crypto
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For more information visit our website
platinum next week ! Keep it or buy more Platinum will rise next week
keep it in the portfolio or double your investment
The Target 1115 USD
Platinum's AwakeningPlatinum is acting very supportive of an inflation driven commodity bull era. Chaikin Money Flow shows discounts volume and candle strength, showing the underlying strength of momentum. Looks great!
Platinum to Palladium ratio bottom could be in hereGot some platinum earlier this year, going to hold it for several years and try flip it to palladium haha. A bit of fun.
PL1!PL1!
Breakout of the trend line
1 - 795
2 - 761
3 - 705
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Waiting for your comment, what do you think about this?
Platinum approaching a bottom vs silver.Platinum approaching a bottom vs silver. Remember, platinum AND silver can both go up as this ratio keeps dropping OR rising, it just measures which one will go faster than the other. $PL_F #platinum #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy
Weekly Cup and HandleContract January 21
Possible stop below mid cup (819) or handle low (HL) 828.25
As a rule the handle holds support
C&H patterns are only valid over long entry level
Not a recommendation
$PL1! Platinum Futures. Bear flag breakBear flag break on the daily chart and and $850 target looks likely.
F/U on Platinum Still looks bullish to me. IFFF this wave count is correct there is likely more up movement to come. (But personally I don't trade just on EWT , as I am least likely correct). But today the price has broken up above the current down trend channel. There also is a positive reversal in the daily RSI. And the US Dollar index is still trending down.
I personally do not trade futures. For this I use PPLT.
