$PL1! Platinum Futures. Looking for a new positionWill be looking for some strength to open a long position. If expected strength does not materialise, then this trade is off. Watching.
PT1! trade ideas
Platinum: Bearish H&S or Bullish Double Bottom?in the weekly chart we see a bearish head and shoulders which would report prices on the basis of the Wedge and would declare the candle of Feb 8 a false breakout
On daily chart the right shoulder is taking the double bottom formation (Brandt analysis)
The trigger points are 892 for the H&S and 1113 for the Double Minimum and/or Failure H&S
PS.
The left shoulder also had two points of contact on the neckline, so in my opinion for now the hypothesis of the head and shoulders is correct.
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SELL Platinum Futures /PLPlatinum has reached the peak of the descending channel. It has a high probability that price will go down for the next few weeks.
OIL vs PLATINUMThese two trade together
Platinum is the buy and hodl imho
Action Reaction Chart- Geometry
NOT INVESTMENT ADVICE
My plan- look for plat buys 800-600; short oil
PLATINUM UGCHere we have the platinum cycle
I think the low is in for the cycle
And that 800-600 is the buy
The high should come at the end of the decade
Again we are using cycles and geometry
NOT FINANCIAL ADVICE
Shark/BullishPossible stop below 915. Long entry level is 952.15.
Contract: January 2022
No recommendation
7 years of change...Platinum futures' monthly log chart with the 84 month rate of change shows it is cheap vs expensive.
Best Enstrument(Platinium) If 1300 leves is broken, anything dont stop the price.
My guess ABC corretion is completed.
Platinium cheper than other emtia enstruments.
If global enflation reach to high level, many investor will prefer to platinium.
go platinum go!Platinum came out of the descending channel with strength and volume, I expect a small retracement to the area of the rectangle to position myself in purchases until the area of $ 1300
Good luck and big proffits!
$PLATINUM #PLATINUM getting ready to ruuuumble! 10-15% hikePlatinum
bullflag formimng nicely, ticking the notches
Looks good for the platinum stonks
Huge inversion for platinum after long term trendline breach!Hello my beauties,
Platinum has breached a long term trendilne and accumulated for about 4/5 years. After a spring and an SOS, the price retested a very long term trendline. Please check my previous analysis below this text.
It is now forming an inverted head and shoulders with a price target of 995.
Don't miss out on monitoring the price around the green area!
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
Platinum Wyckoff analysis, Accumulation! 2150 TARGET!Platinum is in Phase D of an accumulation.
It breached a 13 year long trend that lasted from the all time highs in 2008 to the upside.
I'll be entering my long term trade around the 935/920 area.
The price is coming down to retest the long-term trend-line, and will be hitting 2150 according to my point and figure calculations.
Platinum is one of the most used metals in the electric car manufacturing industry, which supports the bullish bias, given the fact that huge oil companies are switching to environmentally friendly solutions.
If you like the idea consider liking it, following me, and supporting me.
Peace.
TrickleDown FX
Long in platinum, looking for 1,500Risk/Reward are really good! I assume the correction is over and now is ready to rise to 1,500 or even more
Good Luck!
Short Platinum for reisstance bounceExpecting a bounce lower off this long term resistance. Probably into the coming weak given recent dollar weakness.
Platinum buy and hold - now at bargain priceThere is strong support holding platinum up. The momentum will continue soon.
Platinum currently selling at a fair price to buy and hold in long term. I suspect it will hit the next two targets within a few months.
Platinum Future: Is the current correction over ???I thinks it is possible. Action in the next few days till tell.
Also watch closely the DXY.
Process your way.
💨𝙋𝙡𝙖𝙩𝙞𝙣𝙪𝙢 𝙁𝙪𝙩𝙪𝙧𝙚 - Long Term 🐂 Trend🌊 𝙋𝙡𝙖𝙩𝙞𝙣𝙪𝙢 𝙁𝙪𝙩𝙪𝙧𝙚 (𝙋𝙇1!) — 𝙀𝙒𝘼
The senior wave degree is borrowed from the counting of the structure for gold and silver , which have a much longer history of quotations. The second slide shows how the correction, presumably the fourth wave of the “Supercycle” degree, is taking place in most metals, and the commodity market as a whole.
Further, taking into account the fact that the upward wave from the orthodox top (IV) is a single zigzag, it is correct to make an assumption about the formation of the ending diagonal (V) , within which wave III unfolds.
PL1! : 🕐2W
Wave ((A)) in the composition of III of (V) must also take the form of a diagonal . At least, the double zigzag that has passed from the end of wave II , in the context of the senior degree, can be interpreted as the first subdivision in its composition.
PL1! : 🕐1D
The first targets at 38.2% in wave (2) have been reached, the double zigzag W-X-Y of (2 ) looks complete. Growth is expected to resume by the intermediate wave (3) , the minimum targets for which are to go beyond the top of wave (1) .
PL1! : 🕐4h
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Platinum's "Structural Momentum" Defined Bull EraHopefully Michael Oliver approves my work!
In any case, looks like the bull era for platinum has just started and is completing it's first important pull back.
