Top may have already been formed for PalatinumWXY with double zigzag structure?Shortby wsbzaUpdated 4
PlatinumConvincing looking bounce off the 50% retrace. Am watching to see if this retakes the failed double bottom around $10.47 and 100DMA for confirmation of a long back to $11+by AntMwah2
Platinum Double Bottom ?Likes W shapes and double bottoms. Looks like we might have another which would give a long trade to around $1160 from here.Longby AntMwah2
98 PL1! Weekly Complex HSB BreakoutWeekly Complex Head and Shoulders Bottom breakout on platinum futures. According to Bulkowski's chart patterns theory, this security could rise until : 1124: 1st Target 1206 : 2nd Target 1265 : 3rd Target 938 : Invalidation Stop Warning : Trading involves risks. Be careful to trade only a small amount of your capital on each trade.Longby MirandoleUpdated 3
Platinum Longfollow up to post from a few days ago. First target of $11.07 hit. Long now to $11.81 to retest the long-term resistance. I suspect it will form an inverse H&S upon hitting that resistance to build strength for potential higher move still.Longby AntMwah1
Platinum LongHeld the 100DMA support (just). Closed well above it however on Friday, stochastic RSI floored but turning nicely. I'd go long here to the Fib at $11.07. Pop a stop on just below the 100DMA just to be safe.Longby AntMwah3
Platinum - Head over ShouldersDear Community, today we have a quite interesting setup concerning Platinum. It is actually more a possible- than an expected setup but still worth mentioning. As you can see in the chart we are expecting the formation of a SHOULDER - HEAD - SHOULDER formation, highlighted in red semi-circles. If this scenario kicks in, we could easily dip deep into the intermediate target zone at around $960. However, there is a very good chance that, if all clicks into place, it will fall through the intermediate zone, following our optimal scenario and therefore primary target ay $811. If you follow us on our premium analysis you will know that we have opened a short position a few days back, aiming for the intermediate and hopefully the primary target. It looks good so far but we need to keep an eye on it for sure. Good luck. Shortby RedHotCandlestickUpdated 2
Platinum Futures Weekly Continuation ChartI like the inverse head and shoulders in the weekly continuation chart in platinum, of all the metals, this one looks to be the most promising going forward. Good support around 1100-1105. A break of 1200 could set the next target at 1300by jriccio570
Platinum. Retrace Complete.Retraced all the way back to H&S neckline. Assuming this continues to hold then long pattern sustained.Longby AntMwah0
Potential Toppreferred structure is double zigzag for WXY, the C wave of Y may be already topped alter count could be only the A wave of Y finishedShortby wsbza3
Long Platinum to $13.53Inverse head and shoulders in place for quite some time. Very clear break above neckline & backtest. Measured move to $13.53.Longby AntMwah1
Platinum Futures SHOTSHORT TDI = Overbought Stochastic = Overbought Channel lines are parallel and showing rejection NOW Shortby JonFibonacci1
Buy platinum. price is offering a nice risk/reward.long down trend. consolidation before spike. better risk/reward than gold atm.Longby archikiUpdated 2