Platinum's pattern is less clear to me because of the double overlapping 1-2s from middle of 2017.
It is retested the long term downward sloping trend and has made a move up significantly as of my writing today. It is testing the downward sloping line it created since the beginning of map.
Looks like it will make an attempt at the 200dma. Overall I'm leaning towards a long like Silver & Gold.
It is retested the long term downward sloping trend and has made a move up significantly as of my writing today. It is testing the downward sloping line it created since the beginning of map.
Looks like it will make an attempt at the 200dma. Overall I'm leaning towards a long like Silver & Gold.
Trade active:
It broke out sideways the down triangle.
On the hourly chart it broke out on high volume previous daily highs of 809-811.
Next it will be testing the 817 area which has some resistance going back to May. If we get thru this, likely a wave 3 move back to 855-870 area
Putting in a Buy @ $810, SL $805
On the hourly chart it broke out on high volume previous daily highs of 809-811.
Next it will be testing the 817 area which has some resistance going back to May. If we get thru this, likely a wave 3 move back to 855-870 area
Putting in a Buy @ $810, SL $805
Comment:
Got in at $810.50 this morning and moved original SL up to $811 after the move up to $815. looking for it to break above highs of overnight session ($818)
Trade active:
I've been getting stopped out on a few of these trades at breakeven because I have been actively moving my stops up.
All my trades have been around the $810 level.
I got in again at $810 with an SL at $805. Looks like a potential cup & handle on the 30 min time frame. Once it moves above $817 on volume I'll be looking to pyramid to $832.
All my trades have been around the $810 level.
I got in again at $810 with an SL at $805. Looks like a potential cup & handle on the 30 min time frame. Once it moves above $817 on volume I'll be looking to pyramid to $832.
Trade closed: stop reached:
It reached my stop over night but I didn't have a sell order placed so I missed the profit - very frustrating.
I then got stopped out at $805 later that day
I then got stopped out at $805 later that day
Trade active:
Long @ $808.4 today seeing if it can head to $832, tight stop at $805 again
Trade closed: stop reached:
Stopped out overnight. I moved up the stop to $810.4 after it reached $814.
I didn't get back in during the day although that retrace to $798 looks like it could stick as an Inverse H&S formation. It moved quickly back up to $808 level. Wonder if it will continue new trend. PA, GC, SI have all taken off at this point
I didn't get back in during the day although that retrace to $798 looks like it could stick as an Inverse H&S formation. It moved quickly back up to $808 level. Wonder if it will continue new trend. PA, GC, SI have all taken off at this point
Unlike GC & SI this looks like a false break out and likely will retest the bottom line. I originally had a buy at $805 with a SL at $795, but I removed it after seeing the reaction to $832