XPTUSD About to test the 1D MA200. Strong buy above it.Platinum (XPTUSD) is going quite well since our October 25 buy call (see chart below) as we caught the bottom and the price is now rebounding:
The long term pattern is a Channel Up. At the moment the price is supported by the 1D MA50 (blue trend-line) buy restrained below the 1D MA200 (orange trend-line) where it got rejected on November 28. Even though the bottom of the Channel Up was made and the 1D RSI patterns between the two sequences are similar, we need confirmation for upward extension by a break above the 1D MA200.
If you didn't buy lower, you can wait until that level breaks, and then target the +28.55% range at $1100.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XPTUSDG trade ideas
Is Platinum Ready To Break Out?Looking at the technical picture of EASYMARKETS:XPTUSD on our daily chart, after reversing higher in mid-November, the commodity started forming higher lows. That said, it is struggling to build up higher highs, at the moment. However, that might change, if the price overshoots its key resistance area, roughly between the 944 and 952 levels. Until then, we will take a cautiously bullish stance.
A break above the aforementioned resistance area would confirm a forthcoming higher high, potentially clearing the path towards higher hurdles, as more buyers might see this as a good opportunity to step in. We will then target the 989 and the 995 levels, which mark the highest points of August and July respectively.
Alternatively, a break below a short-term tentative upside support line, drawn from the lowest point of November, could result in a further price drop, as it might spook some bulls from the field. Our next possible target could be the 890 zone, which is the current lowest point of December.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
The impact of gold growth on other metalsGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Decoding Market Trends: Platinum's Dance with AI-Predicted ShiftDear Esteemed TV Members,
P latinum has been swaying within a bearish trend. However, insights from Support Vector Machines (SVMs) applied to daily candles suggest a potential weakening of this bearish momentum. This predictive analysis, coupled with a possible rising channel pattern on the Relative Strength Index (RSI), indicates that the bearish trend might be approaching its conclusion, paving the way for a potential shift towards a bullish scenario.
S VMs, a formidable machine learning algorithm, serve a dual purpose in classification and regression tasks. In market analysis, SVMs are invaluable for identifying candlestick patterns, forecasting price momentum, and pinpointing crucial support and resistance levels. As per my SVMs, Platinum's price seems to be on the verge of entering a support zone, marked by the blue rectangle on the chart. This support zone could act as a catalyst, drawing in sufficient demand to instigate a reversal of the trend into a bullish trajectory.
V isualizing this potential scenario, I've outlined it with blue arrows and proposed a long position in the chart. However, a word of caution: Should Platinum experience a downturn below the outlined demand zone (as indicated by the purple forecast), it would be prudent to steer clear of the long position. In such a scenario, an alternative bullish outlook may emerge, capitalizing on Platinum's oversold conditions—a phenomenon observed previously on March 19, 2020, and a possibility hinted at in the alternative blue forecast.
Happy Trading!
A crucial disclaimer accompanies this insight: This is not investment advice, and the responsibility for trading decisions rests solely with the individual. It's imperative to conduct thorough research, exercise caution, and embrace effective risk management strategies.
Best regards,
Ely
Is platinum planning its Bullrun!? ….Nobody has been talking about platinum… it had been consolidated and stopped in a same area since October 2015… and big drop went nearly below inside 570 area.. but then went back in a same zone again and again and this year again.
What if it’s finally find its bottom in all of this time? Is it ready for a bullrun ? Last time it had a bullrun since 2008 and it had been 15 YEARS. 15 YEARS …
Is it now time for a big bullrun of it is then highly suggest to buy it now.
2300 is the most recent ATH since 2008 on that bullrun.. if 880 area is the bottom all this time then made a huge dip from 570 area then it looked like could be ready for a bullrun.
My profit take is 3500 if this really looks like a bullrun honestly it does to me when I found that upper trend line with that flat support zone in a same area
XPTUSD ShortElite Strategy Execution
Followed all confirmations
Executed in 5 minute time frame
Transitional switch in 1m, 3m, 5m confirmed a short inside daily market structural zone.
Targeting 1:3 Trade
Risked 0.5%
Max Targets will be lower liquidity structural zones or pools.
Entry: 844.500
Stop Loss: 860.00
TP1- 829.00
TP2- 813.50
TP3- 798.00
**For educational purposes, this is not financial advice.
For sell or On sale??Looking for an entry within the next couple of days, considering that this is a metal, my stop is fairly tight 200 pips stop lol. However, after carefully taking steps to understand how markets fluctuate, at premium zones, I've decided to make my potential last trade of the year on xpt/usd.
There are no fundamentals behind this...this is pure technical, lately I've shyed away from technical trading however I couldn't pass up how beautific this pair looked from a monthly stand point, price has retraced to my POI returning back to a monthly demand zone after a ChofC. I will set an buy limit for this zone on my metatrader 4.
I'm not a financial advisor, don't not overleverage protect your account fool!!! Good luck!
The rising market of metals is probableGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Platinum SHORT to $828 and rebound to $972TVC:PLATINUM chart has crossed MA 200 and started its fallen to $828 (-16.35%) price target for 85 days. Then during 60 days it might go up to $972 (+17.50%). After that - flat for 320 day before sharp fallen.
RSI and MACD are similar to the chart in 2012-2013 rectangle shape.
PLATINUMPlatinum experienced a marginal rise, potentially due to geopolitical concerns. Looking at the daily chart, the metal's price made an attempt but fell short of surpassing the $894.82 level, which corresponds to the 20-EMA. It also tested the upper trendline of a wedge pattern. Notably, the RSI broke above its previous downtrend, indicating a moderately bullish sentiment, similar to what we observed in July and August 2023.
If the price manages to break out above the wedge's trendline, there's potential for the price to move towards $914 and possibly extend to $926.
On the downside, the initial price momentum may have been influenced by geopolitical tensions. If the upper trendline continues to act as resistance, we could see the price retreat back to the $860 level.
XPTUSD bottomed and has almost +30% upside potential.Platinum (XPTUSD) is testing (and so far failing to break) the 1D MA50 (blue trend-line) after a rebound on the bottom (Higher Lows trend-line) of the long-term Channel Up structure. A break above the 1D MA50 but mostly the Lower Highs trend-line, would confirm the bullish bias on such a low price action, with considerable upside potential.
As you can see the current bottom formation is very similar to the one that led to the September 01 2022 Low. The 1D RSI fractals are identical and will be confirmed if it continues on Higher Lows.
As a result we do have a low risk buy signal on the current level but it is not confirmed yet and needs to break above the Lower Highs to do so. Our long-term target is the 1100, which represents a +28.55% rise from the bottom, similar to the November 11 2022 peak.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Large flat pattern finished?? Bullish MarketGreetings, dear friends. I hope you are having a productive week.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Big Expanded Flat Is Done?? Or One Leg Downside!Greetings, dear friends. I hope you are having a productive week.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying
XptusdThe deep crab is a variation of the normal crab pattern. It is still a 5-point extension, and it still has the endpoint, D, at the 161.8 percent extension of XA, but the little difference is in the AB=CD importance.
The most distinguishing component of this pattern is the importance of the particular 88.6 percent retracement point of B. Together with the crab pattern; the d
Trade of the Week : Payper Trade Mark up Date: Sept. 24 2023
- Payper Trade
Trade setup: When the market is moving sideways use the box tool to identify the market consolidating. We are waiting for a break and retest for either a SELL or a BUY.
Execute: Clear break and retest from top or bottom of box.
Standard Rules
*Position Type: Limit orders and Market Execution orders ONLY
* SET AN ALRAM
THIS TRADE HIT TP IS LESS THAN 12 HRS AFTER OUR SUNDAY TRADING SESSION
TP 1: 100pips
TP 2: 200pips
TP 3: 300pips