About damn time... the bear is back in hibernation!Major break from a very long yearly trend. Reversal confirmed with move to ATH and beyond. Metals are back! Longby DocofalltradezPublished 2
PLATINUM GOLD SILVERLooks like Platinum outperforms both gold and silver at this point and time. I am long all 3 metalsLongby AskDrBurtPublished 114
XPTUSD Measured Objective (1699.916)Set Take Profit At Price Level 1699.916Longby TradeLive-Published 0
XPTUSD Entry Price Between Fibonacci 0.236 and 0.382Watch for an entry near Fibonacci Retracement Level 0.236 (Price 1256.302) and Resistance Level Turn Support at Price 1255.450. Wait for a price action signal in the form of pin bar at Fibonacci Level Area 0.236 and 0.382. You will want to enter a buy order in the area of Exponential Moving Average Period 10 and Exponential Moving Average Period 20 "AND" the area of Fibonacci Retracement Level 0.236 and 0.382. So, for confluence, use the following factors: Look for a Pin Bar in a pull back at * Fibonacci Retracement Horizontal Level (0.236 0.500) * Support Resistance Horizontal Key Level (1255.450) * Support Resistance Diagonal Level (Trend Line) * Dynamic Support Resistance (EMA 10 EMA 20)Longby TradeLive-Published 0
Lines, probabilities and outcomeHaha, I have some people who PMed me and said my chart is way too simple and either way , I am right, arguing my analysis is weak and lack substance and all. It is OK if you do not accept my analysis, have your own ideas about how to chart or even put nasty comments about how lousy it is. We are all entitled to our own opinions. And like I said, trading can be a lonely game and to have a platform like TV and others for traders to share their thoughts or even vent their anger is a good thing. Trend lines in my chart are really straightforward. I used mainly support, resistance as a GUIDE and not a MUST HAPPEN kind of rule. So, in this Platinum chart, the price can fall to 1114.95 then rebound. But, it may not and continue to slide towards 1059.74. Those who followed me knew that I had a LONG Call on many commodities from Lumber to Soy to Cotton months ago and we did made good profits out of it. Now, we are facing some consolidation which is part and parcel of the price action. Now, the outcome is anyone guess but by relying on historical patterns based on longer term views like monthly and weekly view including other macroeconomic factors and my own analysis, I deduce that commodities will continue to have a bull run this year. On that rough outcome, I narrow down which commodities I want to go long, spreading my eggs across hard commodities like precious metals, gold, silver, platinum, copper, etc and soft commodities like cotton, wheat, corn, etc. For those who prefer not to choose a single commodity and go for the commodity ETF , just do a search on Google. I have also said in some of my posts on commodities that trading this can be volatile and the spikes in price action may not be comfortable for some people. So, ensure you place a small % of your capital into commodities trading if you are not too confident. As always, be it me or any other authors, we are here NOT to sell you the idea of buying commodities (actually we are in a way, like influencing) so, you really need to take it with a pinch of salt and be hardworking and do your own due diligence. Remember, when you make profit, nobody asked you for a dime and so if you lose money, stay cool too. No need to swear vulgarities and hurl sarcastic remarks about how bad the chart is and all. We all have the free will to follow or not follow a certain author so if you think my trend lines are over simplified and cant make money out of it, it is ok with me, just unfollow me and follow others that you like. Simple as that. I remain excited about this PM and others (look out for my trade posts soon) as we are now moving into Q2 of 2021. The bulls are far from over and there are plenty of opportunities to accumulate for those who have yet to get in. Longby dchua1969Updated 333
PLATINUM moving higher 🦐PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance. The market is now approaching to the structure and according to Plancton's strategy if the price will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.Longby InkyGripUpdated 141416
#PLATINUM TARGETS FOR THIS DECADE. DEFINTELY GOES HIGHER.AGAIN #DOLLAR WEAKNESS TO BE EXPECTED WAVE OF DOLLARS ARE PUSHING UP #COMMODITIES.Longby BallaJiPublished 2
PLATINUM (XPTUSD) starting a long-term rallyPattern: Channel Up on 1D. Signal: Buy as the price has been consolidating near the Channel's Higher Lows trend-line in a manner similar to November 2020. Identical MACD sequences also. Target: 1330 (current Resistance on 1D) medium-term and 1550 (Higher Highs trend-line of the Channel Up) long-term. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> kylevd23 --------------------------------------------------------------------------------------------------------Longby TradingShotPublished 1122
Platinum Short • Platinum falling inside wave 2 • Likely to reach support level 1115.0 Platinum continues to fall inside the minor correction 2, which started earlier from the resistance level 1237.00 (former support from the middle of February, top of the previous impulse wave (1)). The resistance level 1237.00 was further strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the downward impulse from February. Platinum is likely to fall further toward the next support level 1115.0 (low of the previous corrective wave (2) from last month and the target for the completion of wave 2).PShortby Daniel_ThompsonPublished 1
Continuation Flag or Channel? Which pattern do you think is going to dominate? Leave a like and comment below 😉 Shortby GrizzlyBearBeePublished 0
XPTUSD Entry Price 1236.300 | Target Price 1339.350Look for entries at 1236.300Longby TradeLive-Published 0