By the looks of it the Platinum Jag is holding at 899. It is increasing at the rate given by the support parabola it crossed this morning. 10:30 . My experience suggest that we are at 900 . This Rally was the steepest I have seen for a precious metal. That is a cautionary statement. Both previous rallies have withered; In particular the Feb 14 through Feb 28 rally. That was ‘disturbing' then.
The situation relative to other metals is the only concrete information I have. Gold continues to move sideways through out the April 3rd Platinum recovery. I would be surprised if the Platinum Jag does not fluctuate downwards a bit. If not. . . . then we are in a rally that will resemble Palladium the past few months. That would reinforce the idea of secular bull market in precious metals. If the rise to the price of gold level is quicker, that would sound a note of concern: pointing to a monetary reorganization that is less that surgical execution .
From my point of view, from the basis of my recent discoveries: Any market action is consequent with itself; Regardless of the stated reasoning ( pundits ) around the Price Action ( the phenomena ) From my perspective: Platinum price over the previous autumn and winter left tracks into the future of its market. Those are indicated by the parabolic channels ( not asymptotic ) these are represented by the different colors on the chart.
Several major parabolic trends converge onto one another for late spring ‘19. As such this ‘promised' the recovery. These measures the potential in the market; They are is a prediction and they are not a guarantee. I have seen such things derailed once, twice or maybe three times. Certainly a year of Platinum price action exemplifies this. Perhaps the current sudden ‘release' responds to that continues suppression, or to deeper less visible forces in the global financial world.
It is inconsistent to draw casualty from subsequent events when a higher state is supposed effective and deciphered. That is a deep statement. To complement: the miracle of measuring the market with Parabola Approach® ( ha! ) is that the Jag finds itself ‘returning' or obeying these lines, born from the gyrations of the market; The parabolas present a moving level of support or resistance relative to a evolving present, yet the price and the market is in the hands and under the pressures of humans and uncontrollable events. The parabolas so drawn are projections of price action into the future and past. They exist above the apparent unfolding present.
Note: that there was a sell off, then sideways, in gold; and a continues rise in Platinum. Notice the jag following thin black, then rising and tripping with the major parabolic channel boundary, then returning and using it as support.
The situation relative to other metals is the only concrete information I have. Gold continues to move sideways through out the April 3rd Platinum recovery. I would be surprised if the Platinum Jag does not fluctuate downwards a bit. If not. . . . then we are in a rally that will resemble Palladium the past few months. That would reinforce the idea of secular bull market in precious metals. If the rise to the price of gold level is quicker, that would sound a note of concern: pointing to a monetary reorganization that is less that surgical execution .
From my point of view, from the basis of my recent discoveries: Any market action is consequent with itself; Regardless of the stated reasoning ( pundits ) around the Price Action ( the phenomena ) From my perspective: Platinum price over the previous autumn and winter left tracks into the future of its market. Those are indicated by the parabolic channels ( not asymptotic ) these are represented by the different colors on the chart.
Several major parabolic trends converge onto one another for late spring ‘19. As such this ‘promised' the recovery. These measures the potential in the market; They are is a prediction and they are not a guarantee. I have seen such things derailed once, twice or maybe three times. Certainly a year of Platinum price action exemplifies this. Perhaps the current sudden ‘release' responds to that continues suppression, or to deeper less visible forces in the global financial world.
It is inconsistent to draw casualty from subsequent events when a higher state is supposed effective and deciphered. That is a deep statement. To complement: the miracle of measuring the market with Parabola Approach® ( ha! ) is that the Jag finds itself ‘returning' or obeying these lines, born from the gyrations of the market; The parabolas present a moving level of support or resistance relative to a evolving present, yet the price and the market is in the hands and under the pressures of humans and uncontrollable events. The parabolas so drawn are projections of price action into the future and past. They exist above the apparent unfolding present.
Note: that there was a sell off, then sideways, in gold; and a continues rise in Platinum. Notice the jag following thin black, then rising and tripping with the major parabolic channel boundary, then returning and using it as support.
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