Platinum:
A new parabolic channel has precipitated, 'Lime Green': Rooted 22 Feb '19 14:00. There is room to escape this small lime green horn: along Slid Orange, a local parabola: rooted 26 Feb '19; 10:00.
That is to say: The Steep ascending parabolic channel The Jag is on now, 'Solid Violet', is still good; until it is not.
For Solid Violet channel to remain good, the Jag has to bounce off of lower Solid Violet on 01 Mar; 2:00 at the latest. The jag has obeyed this parabola as support before. The longer it goes on the steeper it gets. Steep trends typically don't last.
For the rally to continue The platinum Jag can leap onto solid orange to meet lower Violet channel support 04 Mar; 10:00. We have to see what the jag expressed as it approached 04 Mar.
Note that Bold Dashed Black is still the dominant rate of growth. Until it is not. If the Platinum Jag hears the larger trend (Bold Dashed Black ) as it has lately, That point to 901 for 01 Apr '19.
Over all: Volume, size and color, point to a buyers rally. There was profit taken off the table at 870, 10:00 to 14 :00 27 Feb '19. We see a lower wick down to 857. That set the third point of the parabola rooted 11 Feb '19; 14:00.'Doted Blue'. That longer, lower wick is why the current local lime channel is as wide as it is. The closing of that specific candle is was 865 and thus the the middle curve ( also dotted blue ) of the new lime channel is where it is.
I prefer that the Jag leap from where it is, on the middle curve, to a new local high at the intersection of Solid Orange intersects Lower Solid Violet. that is a continuation of the rally.
Palladium dropped 2.75% 14:30 - 16:00. That Jag it is still on its ascent trend; but it looks a little winded. Platinum has more on the upside. Platinum Jag has to climb above its yellow upper boundary to be taken seriously as a 'reserve metal', The Global financial system needs more metal. . . a lot more.
A new parabolic channel has precipitated, 'Lime Green': Rooted 22 Feb '19 14:00. There is room to escape this small lime green horn: along Slid Orange, a local parabola: rooted 26 Feb '19; 10:00.
That is to say: The Steep ascending parabolic channel The Jag is on now, 'Solid Violet', is still good; until it is not.
For Solid Violet channel to remain good, the Jag has to bounce off of lower Solid Violet on 01 Mar; 2:00 at the latest. The jag has obeyed this parabola as support before. The longer it goes on the steeper it gets. Steep trends typically don't last.
For the rally to continue The platinum Jag can leap onto solid orange to meet lower Violet channel support 04 Mar; 10:00. We have to see what the jag expressed as it approached 04 Mar.
Note that Bold Dashed Black is still the dominant rate of growth. Until it is not. If the Platinum Jag hears the larger trend (Bold Dashed Black ) as it has lately, That point to 901 for 01 Apr '19.
Over all: Volume, size and color, point to a buyers rally. There was profit taken off the table at 870, 10:00 to 14 :00 27 Feb '19. We see a lower wick down to 857. That set the third point of the parabola rooted 11 Feb '19; 14:00.'Doted Blue'. That longer, lower wick is why the current local lime channel is as wide as it is. The closing of that specific candle is was 865 and thus the the middle curve ( also dotted blue ) of the new lime channel is where it is.
I prefer that the Jag leap from where it is, on the middle curve, to a new local high at the intersection of Solid Orange intersects Lower Solid Violet. that is a continuation of the rally.
Palladium dropped 2.75% 14:30 - 16:00. That Jag it is still on its ascent trend; but it looks a little winded. Platinum has more on the upside. Platinum Jag has to climb above its yellow upper boundary to be taken seriously as a 'reserve metal', The Global financial system needs more metal. . . a lot more.
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