This chart could easily be overlooked as noise with not much coherent but with simple use of the Supply Line we can see that many breakaway shakeouts (arrows) have already happened. And now much further down the line with liquidity behind it depleted; there is much more chance that there will be a real breakout. Also notice by using a lower trendline the price...
Platinum is following a ~1111 Days time cycle, roughly ~160 weeks, and it recently formed a bottom near ~$840 in October 2023 After correcting for ~13 years from 2007 to 2020, platinum finally intiated a new impulse wave in 2020, however, this impulse wave was short-lived and soon came to an end. Now, platinum is completed its 2nd wave and is ready for its 3rd...
Platinum is sitting at a Support Zone which aligns with the PCZ of a Bullish Cypher with RSI and MACD Bullish Divergence all on the Daily Timeframe and looks to be setting up to begin a retrace towards the resistances marked above.
Precious Metals bulls: Platinum may be a sleeper. Gold and Silver strength makes the Platinum setup very juicy. Platinum looks set to break its chains and begin its move to retest the $2200 highs from years ago. Given geo-politics and inflation expectations, the bottom may be in.
Dear GreatSouls, Welcome back to another insightful analysis with me, Lord MEDZ. Today, we're diving into the world of Platinum—a precious metal that's often overshadowed by gold and silver but holds significant potential in the trading and investment landscape. In this blog post, I'll share my views on what could be in store for Platinum over the next few...
XPTUSD is exhausting right now there are many reason to keep an eye on this instrument as sentiments a bearish pattern and a strong resistance is lying at the current top. Moreover if XPTUSD test the resistance and then a new lower low comes to existence the entry would be more relying. So I might a little at least 2 things to sync the a lower low and the...
Hola Platinum Robbers, This is our master plan to Heist Bearish side of PLATINUM XPTUSD market. kindly please follow the plan i have mentioned in the chart focus on Short entry, New entry traders pls enter only in pullback of smaller timeframe then enter to rob the money. Our target is Green Zone that is High risk Dangerous area Consolidation will happen. Be safe...
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Platinum is entering a seasonal period typically characterized by bearish sentiment, as observed consistently over the past 15 years during this time of year. This historical pattern suggests a tendency for the metal's price to decline during this period. From a technical analysis standpoint, the price is currently retesting the supply area, which coincides with...
Platinum made a HH and then it broke its two lower highs and made a new LL and also printed a new LH and it is going to print lower low. And there is divergence when it was making HH. So, here short is the best option and there was also the formation of bearish flag.
When compared to #Gold, #Silver, and #Copper, Platinum is now rising and appears to be catching up to the other metals. You may have the opportunity to make up for it if you missed the others.
XPTUSD has broken its bottom trendline with a 3 EMA crossing over the 10 EMA to the downside. At the same time we're getting the EMAs crossing over the Stochastic is heading down and crossing over the 50% mark giving three confluences to look for shorts Ill be targeting a 1% move down underneath a support i have drawn out on the 4H chart
XTPUSD has been rallying ever since it broke out of its two week sell off a couple days ago but there are now signs showing that the upward momentum could be coming to a end. Technical : The 3 EMA is crossing over the 10 EMA to the downside while at the same time the Stochastic is crossing the 50% mark to the downside as well. These Bearish confluences are...
This is my Setup to go LONG on XPTUSD . Market is bullish and given a CHoCH on 1 hour time-frame so we expect market to mitigate our extreme POI in this case and then continue move upward. Traders may look for LTF confirmation on 5 mins for entry.
XPTUSD has broken the Bullish (TOP) Trendline after multiple (5) touches, we dont have a clear safety line to give us a stop loss so i wont enter of the initial break. Im going to instead wait for a retest of the Bullish Trendline we'd just broken, Waiting allows me get a better idea of the breakout to see if its just trying to fake us out. If this bullish...
Platinum (XPTUSD) gave us an excellent bottom buy signal last time (March 13, see chart below), as the metal entered a Channel Up pattern following the bottom just below 880.00: Currently we are on the 2nd Bearish Leg of the Bullish Megaphone pattern that emerged and will complete a Golden Cross on the 1D time-frame today. As per the December 02 2023 Golden...
A price action below 910 supports a bearish trend direction. A price action below 900 supports further downside potential. The stop-loss price is set at 955 (just above its 61.8% Fibonacci retracement level). The profit target is set at 855. Crossing below its 200-day, might initiate a re-rest of its 200-day and then a leg down.
XPTUSDT Chart is printing Bearish Engulfing Candle with Bearish Divergence and price rejected from 2nd resistance. Therefore I'm doing short from here at market price.