platinum on a bullrunPlatinum is rising from ashes and started a new bull run after many years heading lower. found support @ $818 where all the selling has been exhausted. i expect it to retest previous highs. In the meantime it should carry gold and other precious metals higher with it. Longby RogueCleanerPublished 3
Platinum $ spot: targeting $1278?Improving confluence of technical trend indicators. Remains a risky trade.Longby Peet_SerfonteinPublished 113
PMs - PLATINUM - Fractal ApplicationIntroduction to Fractals: Although prices may appear to be random, they actually create repeating patterns and trends. One of the most basic repeating patterns is a fractal. Fractals refer to a recurring pattern that occurs amid larger more chaotic price movements. - Taken from Investopedia Fundamentals Notes: - Initially, inverse correlation with stock market, but Platinum reaps the benefits of industrial use in clean energy strategies, we foresee a decline in the stock markets until EOY, and recovering early 2021. PMs' technicals seem to support this sentiment. - Interestingly, there was a consolidation and accumulation period from 2015-2019, and the automatic rally from the last sell-off in March 2020 was used as a spring to achieve new local highs, but this type of pattern typically results in a decline, once distribution has ended. - However, we are in a greater trend, and while it seems that we have entered a higher channel, volatile sell-offs can be seen as bearish , and we believe the decline will continue once the short squeezing wash-out is over and retail excess diminishes, and support will be tested before further decision. I posted a forecast previously, but I liked the Fractal Application, so I decided to make it its own idea. Link: My Wyckoff Method Application post, which this strategy builds on: GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.by UnknownUnicorn1043646Updated 0
Platinum Finishing up ABCDE Triangle Wave As Stated in the Video...Enjoy!!!Long02:36by GoldAddictPublished 2
PMs - PLATINUM - Model ForecastModel Forecast for Platinum: - Line of Least Resistance determined for PLATINUM. - Initially, inverse correlation with stock market, but Platinum reaps the benefits of industrial use in clean energy strategies, we foresee a decline in the stock markets until EOY, and recovering early 2021. PMs' technicals seem to support this sentiment. - Interestingly, there was a consolidation and accumulation period from 2015-2019, and the automatic rally from the last sell-off in March 2020 was used as a spring to achieve new local highs, but this type of pattern typically results in a decline, once distribution has ended. See the fractal from 2008 below. - However, we are in a greater trend, and while it seems that we have entered a higher channel, volatile sell-offs can be seen as bearish, and we believe the decline will continue once the short squeezing wash-out is over and retail excess diminishes, and support will be tested before further decision. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.by UnknownUnicorn1043646Updated 0
PLATINUM testing the 1220 area 🦐PLATINUM on the 4h chart is testing the 1220 resistance. The price is moving over an ascending trendline and recently broke above the descending trendlone. According to Plancton's strategy if the market 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 6610
PLATINUM2 POSSIBILITIES HETRE IMHO. Either we drop to $1000 which is very little chance or we bounce back $1300-$1400 resistance zone. Global deficit production most likely push the price higher.Longby AskDrBurtPublished 1
Platinum long setup. Based on trend lines and support alone Platinum looks bullish. However, there is a triangle/ pennant forming therefore need to test if the bottom support holding up (or check if it forms a descending triangle ). Most likely it will retest the previous high, fall back. If trendline support holds up, it should nicely go up. This is just a trading idea, not a piece of advice. Do your own research before investing.Longby titusjPublished 3
Platinum - will rise If gold goes up. I think platinum will rise as well. What do you think? Here's the analysis on gold. You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a tradeLongby Yuriy_BishkoPublished 131326
XPTUSD/XAUUSD rather late, but not done yet XPTUSD/XAUUSD as platinum gets set for (1192-1194) double bottom, the price of gold has stalled in the (1729-1734) double top range both pairs have recently caught a support 5 buy but I do believe platinum has more room to go^ platinum is the metal of the futureLongby smarcon52Updated 2
PLATINUM buy opportunityBullish M pattern in formation. 1197.00 area is a good Buy ZoneLongby MULTIDIMENSIONALTRADERPublished 1
PLATINUM - Don't miss the great BUY opportunity- Breakout big trendline downtrend.....Longby PINKFLAMEMANPublished 3
XPTUSD Target Price 1339.350Entry on the retest of price level 1233.800Longby TradeLive-Published 110
Platinum at resistance Platinum is currently facing resistance near the 20-day SMA as evident from the 3 consecutive doji formations; further on 11th March it ended in a “Gravestone” doji formation signifying sellers at higher levels. RSI has also flattened supporting the above observation and indicating that the uptrend is losing steam. It would be prudent to say that Platinum could decline towards $1,180 and $1,150 while it sustains bellow $1,230. Risk Disclaimer: Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely. Shortby AbansGlobalLimitedPublished 2
XPTUSD Platinum Short TradeA bearish rejection pin bar formed on the daily chart on resistance. I am shorting and targeting previous Daily support.Shortby jvaledonPublished 0
Platinum going under the radar yet again Gold and silver have been the focus in the precious metals space but platinum just bounced off of 55DMA and broke out of a bull flag. The percentage gain these last few days has easily outstripped gold and silver. Depending on how conservative you are, we could land at 1400, 1650 or anywhere in between. 1400, 1500 and 1675 have all been significant areas of resistance in the past. It's worth noting the last conservative fib extension was 1250 and we overshot by quite a bit. After years of being unloved and undervalued, the technical set up is great and the fundamental case is also gathering strength with green tech, palladium substitution etc. I don't have a long term target but I've seen 2200 thrown around. Longby Adnan_The_BarbarianPublished 0
Platinum very bullishI bought on the small fibs on the left, I think we will make another high again. I currently have a knockout option. I currently recommend a 15x factor certificate.Longby ChaythonUpdated 223
PLATINUM continue the buys Hello traders: Looking at XPT for long term continuation buys. We see price has already reverse up impulsively from the previous bearish move down due Covid. Latest price has already broke above the previous swing highs impulsively, good signs for further bullish momentum. Wait for LTF continuation correction to form nd complete and look for the buys Thank you Longby jojofang0901Updated 242420