Mathematical probability for longer longWe can see same crash as March 2020 when everything dive, or can use this with small cash amount for longer investment in PL
XPTUSD trade ideas
IF Platinum Ends With Bullish Candle Today, BULLS Takes ControlAt the end of today's trading, IF the daily candle ends with a bullish candlestick (bar), then the bulls would most likely take control and drive price high
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
PLATINUMPLATINUM: The weekly chart reflects a series of lower highs while support at the $900 level is being tested for the 4th time since September 2021. A break and close below this level raises the risk of further downside, with $775 as an initial target.
PLATINUM Buy opportunity long-termPlatinum (XPTUSD) is trading close to a Support Zone that is holding since the September 2021 Low. It does remain under two Lower Highs trend-lines, the one from the February 16 2021 High and the other from the March 09 2022 High. Technically that is the most optimal buy level for a short-term rebound towards the Internal Lower Highs trend-line and if broken, long-term extension to the Feb 2021 Lower Highs.
If on the other hand we break below the 900.00 Support, we will take that minor loss and turn bearish instead towards the 830.00 September 24 2020 Low.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
Platinum USD long 1D Time Frame The trend of Platinum USD on the 1D time frame is showing a reversal. Firstly you can see a downtrend in the form of LH and LL then at the bottom, you can observe the HH and HL which is a sign of trend reversal or consolidation phase. So you can buy from here by putting a stop loss at the LL point mentioned in the chart.
Pitchfork Tutorial- Platinum as an exampleBasic forks
Platinum as an example
Major pivots
Always
High-low-high
OR
Low-High-Low
Use pitchforks to frame PA
80% of the time price returns to the median line from the third pivot
GRI 2022
XPTUSD LONG IDEAQuick scalp to the long side, we seem to be extended to the short side.
I anticipate a potential target of 953.70 with partials made
Platinum Forecast | Potentially BearishPLATINUM had a minor rejection in the 980 area close to the 0.618 Fibonacci level, which is measured from the high of 1020 to the low of the DBR.
There is no reason to expect a pullback in the 972 area until the low in the 964 area is clearly broken.
The price is choppy, not really clean, but it looks like a bear market.
917 is the target for a bias of 874.
LONG WEEKOverall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
Trade Idea Update: Platinum - Target ReachedTrade Idea Update: Platinum - Target Reached at $1022 today.
A gain of +$47 or 4.8% (ungeared over two sessions).
Original idea attached.
Trade Alert: Buy Platinum (Spot)Platinum (Spot) - For now, the structure appears positive in my view and looks ready for a buy/long.
Current: $975
How I'm seeing it:
- Pending break of 2nd channel resistance
- 14-DAY RSI at 55 (pointing up and room to move higher). Also breaching downward trend line.
- MACD trending toward the zero bound (pending cross, up)
- breaking through the moving averages (8, 21 & 50-EMA)
Price action requirements:
- Must hold $965.
Trading Levels:
Upside Pivot (level to clear and hold) = $978
Stop-loss: $959
Target: $1022
Which way will it take - upstairs?Looking on the last 20 years platinum is on the bottom. Till some weeks it left the downtrend staying above 900.
Risk is 770 if the Dollar is rising.
Triple Bottom Bullish Platinum Platinum to replace Playdium due to much cheaper prices supply is low demand is high very bullish
XPTUSDhi traders: in this morning i shared with you an idea of platinum as bullish based on my strategy and went as i expected.
for risk management i set BE 1:1 and i do every trade
PLATINUM 18th MAY 2022Platinum is in critical area, closer to support but at risk of bearish potential.
Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing,
I usually use 2 sources to see the sentiment of big players:
1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.
www.lme.com
2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options.
www.cftc.gov
Due to the uncertainty of these, the price of platinum still tends to be bullish. bearish may occur if the support area breaks out.
This is my trading plan on XPTUSD, how about you?
COPPER 25th APRIL 2022
$PLATINUM holding key 200wma200 week moving average is providing quite some level of support on platinum. Feels like the metal is building steam for another move higher? While price continuously traded below the declining 200wma in years before, for the first time in years we are seeing price hold up above this important average, while also seeing the 200wma pointing north which is encouraging. The RSI has also made higher lows since bottoming out during the Covid crash and showing us signs that the momentum is still holding up
PLATINUMhi traders: from higher time frame platinum looks bullish and as you see LTF there is small reversal pattern with continuation entry
Platinum Tehnical, Fundamental Analysis
Platinum is the most undervalued metal compared to gold and silver and is certainly a good hedge in inflationary times. I see a great future mainly because platinum will be needed for hydrogen vehicles.
Good entry points: 750 USD (probably in June) , 910 USD
Short term (the end year 2022) price prediction: 1260 - 1350 USD
Long term ( 5years ahead ): 2500 - 3000 USD
Platinum update - 12/05/2022wave ((2)) is in play, expecting wave ((2)) to be end at 795 (0.618 of wave (1) and wave (Y) = 0.786 of wave (W)), critical support at 565.43.
XPTUSDDue to the fact that the trend line hit the bottom trend line and was rejected, the uptrend to the trend line was determined
Platinum - A better deal than it looks?Looking at the price of platinum, it looks kind of overpriced, like many other things. But when adjusted for M2, it's much lower than most things. Seems like a great deal TA wise.
Longer term chart:
10x the price of 1970 = ~1500. This target seems pretty low not to mention we aren't even there yet! But the short term pattern looks like a bit of a topping pattern. Could take a while to setup.
Just something to keep an eye on.
What do you think?
Good luck and don't forget to hedge your bets :)
PLATINUM - LONGPlatinum is approaching a 1.68 ext and a double bottom.
Time to begin looking for a long.....
